And it has an institution that can channel help: the International Monetary Fund. The IMF could set up a special vehicle along the lines of its New Arrangements to Borrow (NAB), which would be capitalized by a first-loss layer from the EFSF with the IMF’s own capital comprising a second layer.
事实上，欧元区的问题可能很快就会膨胀到其成员国无法解决的程度。欧元区如何决策事关全球福祉。有一个机构能够为援助提供渠道，那就是IMF。IMF可以根据其新借贷安排（NAB）成立一个特殊机构，其资本结构可以以EFSF为第一损失缓冲，以IMF的资本作为第二损失缓冲。