Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The IMF was, reportedly, the sane partner in the negotiations. Plus, there is no reason whatsoever (other than ECB insanity) for the IMF to lend to a country in its own currency - the IMF is there to provide access to hard international currency.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Feb 18th, 2011 at 02:34:48 PM EST
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