EU-IMF Bailout For Greece?

Greece is seeking the EU and IMF's help in bailing out its huge debt. A EU-IMF loan package could be offered to Greece. Europe is being hit by 2 major 'events' this couple of weeks, the Icelandic Ash and now this. To say that the opportunity costs associated with these 2 problems are large is surely an understatement. Alot of time, money, effort have been lost and wasted just trying to solve these 2 problems.