A General strike; protesters on the streets; parliamentary battles over austerity measures needed to unlock rescue funds; and a sinking economy with an ever bigger debt burden. The situation in Athens this week is grimly familiar-and not just because Greece has had so many similar weeks over the past couple of years. There are also eerie echoes of the devel-oping-country debt crises of the 1980s and 1990s. The experience of dozens of debt-ridden countries in Latin America and Africa holds lessons that Greece's rescuers ought to heed. For years, the imf and rich-world governments tried to help them with short-term rescue loans.
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