A recent example is the Greek bailout agreement of May 2010.

Mr. Leach, for instance, wants the fund to make its bailout agreements public.

He said government objectives would be carried out "in conformity" with the bailout agreement signed with the European Union and IMF.

The bailout agreement was supposed to reassure foreign investors that their Korean loans would be secure.

"I've got chains," Mr. Turner said, referring to the restrictions in the bailout agreement he signed with the cable operators.

"Our immediate priority is clear: to remain in Europe, in the euro and to approve this bailout agreement and keep, not parties, but the people united."

Without a bailout agreement, there was a possibility that Greece would prefer to default on some of its debt.

It said the bailout agreement was designed to disband the big Korean conglomerates, which compete with American and Japanese companies in electronics, automobiles and other industries.

The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro.

When our government is slashing spending, even considering letting poor children go hungry in the schools, the bailout agreements seem almost obscene.