Big problem there as no-one has yet said what happend when the IMF screws up. There is no endless pot out there.
Imagine the thatcher years. Public spending cut massively etc. That is what will happen if the imf gets involved.
Even that would not necessarily solve the problem. Cutting spending increases unemployment. Even in the "good" years the amount of "hidden" unemployed was high by virtue of the fact that the government funded jobs that they wouldn't have in "bad" times. This isn't necessarily a bad thing though because spending on government projects can filter through to the private sector and increase production there (this sort of thinking was the basis of the "new deal" in the USA). It does need to be done in a way that doesn't fuel inflation though - hence one of the reasons it is only usually done in economic depressions when companies are too scared to up their prices.
I have put the words "good" and "bad" in quote marks because I have always questioned exactly how "good" the past few years really have been. Without government intervention in providing jobs, I believe that we would have been in recession years ago. We have been living in a recession that has been masked by smoke and mirrors for many years and it only gets noticed when the smoke clears for a while.