Governments responded first by signing over vast emergency loans to Greece and then by creating an even vaster temporary loan facility (partly using IMF money).

ECONOMIST: Charlemagne: The name's Bond. Eurobond | The

It claims that the loan programme is temporary, and must end by 2001 unless the government revises its laws again.

ECONOMIST: Japanese finance

As the FDIC chairman, she has added programs to the agency, including ones that provide temporary liquidity guarantees, increases in deposit insurance limits and systematic loan modifications to troubled borrowers.

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To prevent a catastrophic deflation as speculators turned in their pesos, Cavallo arranged for stopgap loans from the IMF (Argentina was tossed into a temporary recession because the IMF demanded major tax boosts as a condition for the bridge-loan financing).

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