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04-29-2010, 03:05 AM #1
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How Much to Bail Out Greece? S&P Downgrades Spain
Wednesday, April 28, 2010
How Much is Needed to Bail Out Greece? $159 Billion? $794 Billion? Estimates Vary Wildly as Greece Turns Viral; S&P Downgrades Spain
Pressure is on German Chancellor Angela Merkel to do something. European Central Bank President Jean-Claude Trichet is in Berlin along with the IMF to arm-twist Merkel. Meanwhile, German citizens want no part of a Greece bailout.
Trichet in Berlin
Trichet in Berlin as Germans Balk at Greek Rescue http://www.bloomberg.com/apps/news?pid= ... YnPQG69WuA
European Central Bank President Jean-Claude Trichet is on a diplomatic mission to Berlin as Germany’s reluctance to bail out Greece helps fan a fiscal crisis now burning around the euro region’s periphery.
Trichet and International Monetary Fund Managing Director Dominique Strauss-Kahn will brief German parliamentary leaders in Berlin around noon today about the $60 billion aid package for Greece, which has met with opposition in Europe’s biggest economy. The joint European Union-IMF package would require Germany to stump up the biggest individual loan to Greece.
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05-17-2024, 09:04 PM in illegal immigration News Stories & Reports