One thing that is clear is that the West--the IMF, the Western governments who provided the funds for the last, doomed rescue package--have come out looking like chumps.
The West came out looking like champs due to the success of the last rescue package. 
mnli hypothesis: The West came out looking like champs due to the success of the last rescue package.  premise: One thing that is clear is that the West--the IMF, the Western governments who provided the funds for the last, doomed rescue package--have come out looking like chumps.