i think they need closer to 300, i think they owe france 70 or 80 and germany over 50,those are the 2 largestQuote from ASusilovic:
NEW YORK (MarketWatch) -- A European Union contingency plan to help Greece would include 22 billion euros to be provided by eurozone members and the International Monetary Fund, according to a report in the French daily Le Figaro. No details were provided to determine the proportion to be provided by the IMF and eurozone members. The report, which cites government sources from Berlin and Paris, said the money would be used "as a last resort", in other words if Greece's ability to finance itself through financial markets becomes impossible.
http://www.marketwatch.com/story/euimf-plan-has-22-bln-euros-for-greece-report-2010-03-25-1431300
That's sort of overdraft, or ?
EU/IMF plan has 22 bln euros for Greece
- Thread starter ASusilovic
- Start date
Thats all the printing has done is prolong the day of another crisis in the financial market just a tad bit longer, we have been through times with easy credit and low interest rates before and most know what happened there after. This is just a temporary fix before the next collapse in the markets takes place, everything is so unbalanced at the moment but is being completely ignored due to trillions in liquidity injections.
Tomorrow will be a bloodbath for Greek government shorts...LOL!
