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And if a country's government does agree to the conditions, the austerity can lead to more banking sector problems and even political instability.
But economists warn that the world economy, still weighed down by banking sector problems, may be too fragile to maintain its momentum if energy prices continue to climb.
But make no mistake, these are not just private sector problems, to be found in low-paid, low-skilled sectors such as retail, cleaning and catering.
"Some of the headwinds that have been concerning us, like the weakness in the financial sector, problems in the housing sector, balance sheet and deleveraging issues, may be stronger and more persistent than we thought".
For now, the markets have put Spain in Italy's sovereign risk class when, in our view, it should be closer to Portugal and Ireland once its banking sector problems are recognised.
He cites the added threat of rising unemployment and still-significant financial sector problems.
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This is an energy sector problem, as energy production and use, mostly from unregulated, poorly regulated or inefficient fuel combustion, are the most important sources of air pollution from human activity.
From a financial analyst's perspective, though, the choice of Mr. Takenaka "indicates that the government now tacitly admits that it has a serious financial sector problem," wrote Takamasa Yamaoka of Standard & Poor 'sin a report today.
"We'll have to monitor that situation because if foreign reserves come down way too low, it will not become a banking sector problem but more of a Korean sovereign problem," Kim said.
"What was once thought to be a public sector problem has now become an NHS problem, which affects the tax payer and therefore the government should be looking at this".
The fact that dispensers sold the majority (63 %) of antimicrobials based on a PHF prescription means that antimicrobial overuse is not just an ADDO problem, but also a public health sector problem that is exacerbated by gaps in consumer knowledge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com