Once upon a time a man set out on the road to economic prosperity. It was a road paved with the promises of global consumer capitalism and a common and open market.
But along the road he was set upon by some thieves, they beat him, and stripped him, and left him for dead.
(Maybe he was stupid to go down that road, it is a road well known for its pitfalls and dangers, but he had been told that it was the only road in town, as to who the thieves and robbers were – they have remained free to act with impunity in the shadows of the road).
Some time later an IMF came down the same road, saw the man, and crossed over on to the other side.
A little later a ECB came down the road, saw the man, and crossed over to the other side.