I don't think that a default in a whole financial sector of a country is better than borowing from IMF. If they started to play the game they should follow the rules. I don't know countries that isn't involved into globalisation... Maybe Northern Korea. Or anarchic african countries, It's hard to believe that people there live happy life. To my mind everything has advantages and disadvantages so to live in modern world and stay relatively independent you should play very well.
I absolutly agree with you, it's a very good thing, and it should be so, but everything you can see - roads, buildings, tiny vilages and agrotowns are built on the money from resale cheap russian petrol to EU, until the last time our economics were based on it, and on extremely cheap gas from kind Russia. They sponsored us for about 20 years. Having so available resources, our products were very cheap and by the price they could be very competitive versus other CIS members. And we didn't need to provide modernisation of our enterprises, until Russia said, enough, it's time to pay. You know, our opposion always loudly yell that, we can loose our independence and became Russian "gubernia" with russian order and rules of buisness if we would have very close friendship with them. If in power would be more soft person instead of Lukashenko we would loang time ago were in Russia. Only Luka could manage to suck Russian resources for 20 years and gave nothing in return. But it seems that now Lukashenko drove russian government mad. They raised the price of resources and they don't want to lend some billions bucks.. And we have no way but sell governmental estate to russian corporations (read "oligarchs") may be then they give us credit or reduce the price on gas to live some more in utopia... Everything is obvious and always was so. In the times of wellness, our government should spend money on modernisation, alternative energetics and resorces economy not only on beautiful buildings and four wheel luxury cars for officials, it remains USSR and it can be seen everywere.
We should invested in our independence and future wellness. You may have not seen but almost nobody in Belarus lives green economy life like they do in Europe. We don't collect recyclable packs, we never mind about water and electricity economy. Everything was given to us for almost free prices. And we don't know the real, independent value of it.
Nothing is impossible, all we should done - change old, low educated people in the power and everything will be ok! I think it will be so anyway, but with smart power it would be faster and better ).
Neither do I... But I hope that we'll find the right way)



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