• Greece in recent years has been an exception
  • Rates will rise at some point in the future, appropriate for now
  • Trusts governments will approve Greek rescue package
  • Always risks with loans, but they are low in this case
  • EU has tools to use if Greece does not follow package
  • Does not see collapse of euro system
  • Important that countries learn from Greek crisis
  • No one will fund Greece without tough reforms made there
  • Global economy will recover, led by developing countries