2. seems unworkable, they can't be a far poorer country with lots of debt, but continue to have richer country wages and pensions that are being phased out everywhere.
Already they have been forced to reduce the wages and the pensions many times in the past, which is pushing vulnerable sections of the population, such as the elderly towards extreme poverty. And why should the pensioners agree to transfer their pension funds to Goldman Sachs? They had worked hard in the past, to qualify for the pensions.