For a long time, the International Monetary Fund (IMF) has had its supporters and detractors. Here you will have the opportunity to consider some of the IMF's actions and determine whether they were beneficial as well as ethical.

To help frame this, consider the IMF's actions in Greece. Greece spent a decade in economic turmoil starting in 2009. The IMF provided financial assistance to "bail out" Greece multiple times during the crisis. Their loans came with requirements that Greece needed to meet. Some argue that the IMF made the crisis much worse, whereas others feel the IMF provided timely support to Greece not long after the global financial crisis of 2008.

Please address the two bulleted questions below:

• When should a government, economy, or country be bailed out, if ever? Justify your answer with specific cited examples and how the bailout or lack of bailout would impact the global economy and the future of globalization.
• What lessons should be learned from the Greek debt crisis for countries with debt obligation issues and for organizations such as the IMF?