Prime Minister David Cameron believes a solution can be found to provide bridge financing to Greece while not putting British taxpayers' money on the line, Cameron's spokeswoman said. The European Commission is proposing to give a 7 billion-euro (4.9 billion pounds) bridge loan to Greece to cover the country's financing needs in July using the European Financial Stability Mechanism (EFSM), according to a document from the EU executive. The proposal to use the EFSM for the bridge loan is controversial because Britain and the Czech Republic are strongly opposed to it.
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