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" ... And this also explains why the Eurogroup was so keen to have the IMF involved in the bailout itself. It's no secret that European Union negotiations go to the wire and then end up being resolved by rather shabby little back room deals at the last moment. And the harder line (Finns, Germans and so on) governments in the eurozone were really very keen indeed that this didn't happen again. So, bring in the IMF, an organisation not subject to EU politics and politiking, and that will put some backbone into the negotations. ... "