Not sure that this helps those countries that depended on credits most (like Greece).
I'm also not sure if it is the best strategy for Greece to bite the hand (EU as the IWF is just the beginning) who transfered billions of $ to Greece over the last decades. If the Greece government has a plan to not depend on credit and EU subsidies in the future, hurray to them. Perhaps with the new Russian conflict they could trade in EU subsidies and wealth transfer to renting bases to Russia. But they will find out it's much harder to break a 100 year contract for a Russian base in Greece than a contract with the IWF.
If not, this looks like a bad move.
No one gives away any amount of mouney, let alone billions of them. I think you should inform yourself better before forming an opinion.
Much of modern government is about giving away other people's money.
It isn't a base currently, it is natural gas pipeline ("New Blue Stream"). Bolgaria - under pressure from US/EU - has recently refused "South Stream" and thus Russia's acute need for new way into Europe met Greece's souring relationship with EU. And yes, gas pipeline is a contract which is pretty hard to break.
The EU sacrificed Greece to save their own skins
https://www.opendemocracy.net/can-europe-make-it/thomas-fazi...
I even saw one mainstream newspaper use the phrase "economic aid" when referring to the loans given to Greece to service their existing debt!
much the same perversion as the 2008 bailouts going to predatory lenders instead of bankrupt US homeowners
I'm not necessarily saying this as an advocate of Basque or Catalan independence. That is a question for the Basque and Catalan people. But a modern, moral, Western country would at least allow a binding referendum, as the UK has done in Scotland and as Canada did in Quebec. If Catalonia has a referendum and they choose to stay part of Spain, that is their choice. But the Spanish government refuses to grant them that choice.
I'm sure EU policy makers on the other hand love small regions becoming independent and wanting to join the EU as they're easier to push around.