The nation

Financial Times:

Consider the prerequisites for a successful [IMF] programme. First, Greeks must acquiesce in the sharp decline in living standards over the next three years. Second, after three years of the programme, Greek debt will be much greater than today’s 115 per cent of GDP. At that point, markets will have to think it plausible that Greece is on a path toward reasonable debt levels because it is able to grow fast enough and maintain the fiscal belt-tightening for some considerable time. Doubts on the part of markets on any of these scores will lead to higher costs of borrowing for Greece and put it back into the viciously self-sustaining fiscal debt dynamic in which it has found itself recently, except that the starting point in terms of debt levels will only be worse. This might well prove to be the (unlucky) 13th labour of Hercules.

If you want certain people to make sacrifices and not others, you appeal to everyone equally, knowing that only certain people ever will.