EU leaders vow to help Greece, but say it is too early for financial rescue

Press quote (The Washington Post)
12 February 2010

"What they've basically done is say they will help Greece if it meets the terms of the plan to cut its deficit, but if it managed to do that, Greece wouldn't need any help," said Simon Tilford, chief economist at the Centre for European Reform. "I certainly think they will come up with something more substantial. But today demonstrates that we may need a full-blown crisis in Greece before they are prepared to put money on the table."