For this reason, assistance from the IMF was requested, attesting to the global nature of the crisis and the support. At the same time, the elections in some countries have delayed the IMF’s intervention in order to avoid having to decide on support for Greece in an election period.
It seems that the people, their democratically elected representatives, and institutions operating in that context, sometimes need to “see” the crisis approaching in order to realise the dangers and take the decisions necessary to tackle them.