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Skeptics predicted either doom or an unacceptable surrender of sovereignty to a central fiscal authority.
The other involves an unprecedented transfer of wealth across Europe's borders and, in return, a corresponding surrender of sovereignty.
Critics see any such cooperation with the United States as a small but significant surrender of sovereignty.
The IMF's reputation for imposing harsh reforms, along with the partial surrender of sovereignty to an American-based institution, seems bound to make Greeks cross.
Military planners voiced concerns about the consequences for their national military airspace; politicians balked at what amounted to a surrender of sovereignty.
They see the pound as an emblem of nationhood and independence, and fear that its loss would represent a surrender of sovereignty to continental Europe.
Similar(46)
Brazil dwarfs its three partners, but is not rich enough to subsidise them nor willing to surrender chunks of sovereignty, as Germany has done to promote European union.
Its arrival, entailing as it did a surrender of financial sovereignty, was accompanied by a wave of anger from a public which believed it had been deceived.
The issue of setting up an outside body to manage privatization is highly sensitive in Greece because it suggests a new surrender of economic sovereignty.
Therefore, there is no surrender of Kenyan sovereignty.Several other features are similar to those found in most other IMF-supported programmes.
Without fiscal discipline the euro will fail; and without the surrender of some sovereignty to European institutions, fiscal cohesion won't be achieved.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com