7 bln euro proposal to help Greek debt
歐盟提議70億歐元救助希臘

The European Commission supports a controversial proposal to use an EU-wide crisis fund to meet Greece's short-term capital needs.

The seven billion euro proposal is waiting on a vote by the European parliament. The fund would provide Athens short-term liquidity before the new bailout program kicks in. Greece needs cash urgently so it can repay the ECB 4.2 billion euros on Monday.

Britain argues that the fund should come from only Eurozone countries, and not from the EU. Prime Minister David Cameron believes a solution could be found without using tax payers' money from the UK.

The EU's executive arm prepared the proposal and submitted it to the European Council. One official says the move was in case they do not find another solution for financing Greece until Mid-August.