Greece is too interconnected to be allowed to fail

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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
Co-ordinated action needed to safeguard stability of whole Euro Area
Greece is too interconnected to be allowed to fail
German banks have significant exposure to Greek public debt
Two-thirds of Greek public debt is held by non-residents
Italian banks have significant exposure to Greek public debt
Spreads on Government debt of Portugal increased due to Greek crisis
Spreads on Government debt of Spain have increased due to Greek crisis
Greece is too big to be allowed to fail
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