Greece's deficit is inconsistent with remaining in a monetary union

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Greece
The current financial crisis in Greece
How should the EU respond to the financial crisis in Greece?
EU should provide loans to support Greece through fiscal adjustment
Greece's deficit is inconsistent with remaining in a monetary union
Maastricht criteria require a ratio of deficit to GDP below 3%
Interest on loans paid back over time
Co-ordinated action needed to safeguard stability of whole Euro Area
Risk that Greece may default on the loans
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