As for the Europeans, they hijacked the IMF for an internal rescue of four eurozone countries, even though EMU is amply rich enough to sort out its own self-created mess. Every emerging market member of the IMF board opposed the original Troika plan for Greece in 2010 on the grounds that it was a rescue for North European banks and for the euro, not a rescue for Greece. They complained that Greece needed immediate debt relief rather than bail-out loans and therefore more debt, and events have proved them entirely right.