51. In exchange for a loan package, the IMF may require South Korea to take unpopular austerity measures to help repay the loans and to fix the banking system. 52. In a further austerity measure, the jobs of chairman, president and chief executive will be combined. 53. In Indonesia, rioting broke out shortly after that nation adopted strict IMF austerity measures last year. 54. In addition, it will be difficult for the government to implement unpopular austerity measures and sweeping market-oriented reform before the new Constitution is approved. 55. In April and May the government introduced two packages of austerity measures. 56. In hard times, protecting the gold stock requires high interest rates and austerity measures, deepening the downturn. 57. Indeed, there are increasing signs that the economy was even weaker than the Government had described when outlining the austerity measures. 58. Investors are also concerned that recent austerity measures adopted by the government could dampen economic growth, though were not sufficient to contain the economic budget deficit. 59. It is not clear whether the monetary fund will support the move, which does not conform to an agreement on austerity measures signed by the president last month. 60. Lamberto spoke following a meeting of ruling Peronist Party deputies and senators called to discuss the austerity measures. |