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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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