Question: rewrite this paragraph: However, the IMF's intervention raised several ethical concerns. Critics argued that austerity conditions placed an undue burden on Greek citizens, leading to
rewrite this paragraph:
However, the IMF's intervention raised several ethical concerns. Critics argued that austerity conditions placed an undue burden on Greek citizens, leading to rising unemployment, decreased access to social services, and long-term economic hardship. Supporters contended that such conditions were necessary to ensure responsible fiscal management and protect global financial stability. Lessons from the crisis emphasize the importance of balancing fiscal discipline with social welfare considerations, the need for realistic debt sustainability assessments, and stronger collaboration between international financial institutions and local governments. These insights suggest that future economic bailouts should incorporate flexible policy frameworks that promote stabilization while minimizing human and social costs (Kentikelenis et al., 2016).
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