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Also, Latin debt levels and the required austerity were much lower than those in Greece.
Portugal's government fell precisely because the opposition would not sign off on the required austerity.
In the euro zone, doubts have been raised about the willingness of Greece to push through the required austerity measures.
Both the Irish and Greek governments embraced the required austerity to get European help, and electorates threw out those deemed responsible for the mess.
Under the so-called six-pack system of fiscal discipline, countries can be fined if they fail to stick to the required austerity.
Khan had campaigned on promises of increased welfare and against seeking intervention from the International Monetary Fund (IMF), whose lending conditions often required austerity measures and whose previous dozen packages to Pakistan had failed to solve the country's macroeconomic problems.
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The macroeconomic reality requires austerity measures to reduce the imbalances and get our societies back on a healthier footing.
It will likely require austerity measures and price increases of the sort that last year provoked Jordan's most serious demonstrations since the start of the Arab Spring.
In addition, Finance Ministry officials asserted this week that the financial aid would have to be carried out in coordination with other nations and with the International Monetary Fund, making it likely to require austerity measures of the recipients.
While the Maastricht Treaty of 1992 requires austerity and cost-containment as the policy foundation of fiscal integration, the debate around how the austerity plans have been implemented in the post-crisis era, since 2010, continues to be a central question around the viability of EU integration policy.
But renegotiation does not require austerity-driven across-the-board cuts to social programs.
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