G-7 countries alone own more than 40% of IMF. Add a few of their close allies like Australia, New Zealand, Belgium, Holland etc, they easily have more than 50% of controlling power. IMF will do nothing without their consent and blessing. And they give their consent and blessing only if it benefits themselves. We may not like it but that's the reality.
Greece economy was a goner but for now has been brought back to life by resuccitation. Portugal, Spain and Italy all look a bit shaky.
Is a global deflationary depression like the one that happened to US in 1930s in store in the next few years? For heaven's sake, let's hope not.
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