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EU should provide loans to support Greece through fiscal adjustment

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Amanpour CNN
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Other programs?
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Greece
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The current financial crisis in Greece
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How should the EU respond to the financial crisis in Greece?
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EU should provide loans to support Greece through fiscal adjustment
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Interest on loans paid back over time
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Co-ordinated action needed to safeguard stability of whole Euro Area
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Greece's deficit is inconsistent with remaining in a monetary union
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Risk that Greece may default on the loans
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How should the EU respond to the financial crisis in Greece?
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Critical that the no-bailout clause is not violated.
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EU should indicate that it will stand by Greece if push comes to shove
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the crisis is not greek but european
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