Posted on 05/07/2010 7:35:01 PM PDT by SalAOR
Greece is in a terrible mess.
More union/socialist-led youth violence continues to plague a nation which passed an austerity measure yesterday. Three people have died in violence this week. The austerity measure would cut back benefits and spending in order to make up for their massive debt.
The EU will put up 80 million euros while the IMF promises $143 million in loans to bailout the small European nation, whose solvency issues could threaten the euro itself sending ripples across the world… perhaps even here (just look at the jittery stock market yesterday!)
(Excerpt) Read more at axisofright.com ...
This is just the beginning...
I think he meant 143 BILLION euros (or milliard in British numbering).
How long before they burn through that stack of cash and go “Oink-Oink, give us more!!!”
in no way
is the austerity measure,
or the bailout
even close to being big enough
“I think he meant 143 BILLION euros (or milliard in British numbering).”
Maybe not, this article says-
“European governments and the International Monetary Fund agreed to give euro110 billion ($145 billion) in loans to Greece over three years.”
http://www.cnbc.com/id/37005793
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