Think its 5 billion in haircuts (what the corrupt Euro’s call theft now) to get 10 billion in loans. Apparently they need 15 billion to be solvent in Euro’s. They can always go back to their own currency anytime they want. The issue will be its exchange rate with Euro’s and how many Euro bondholders end up getting stuck.
I think your numbers are correct. ( might be 5.9) I feel this is just another kick the can down the road “solution”.
If you lived in a different EU country and had a couple hundred thousand in savings, what would you do tomorrow?