Friday, June 3, 2011

Greece - bailout of the bailout

Greece to Get Next Aid Payment in New Bailout

European Union and International Monetary Fund officials agreed to pay the next installment toGreece under last year’s 110 billion-euro ($161 billion) bailout, paving the way for an upgraded aid package that includes a “voluntary” role for investors.
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Comment: The political logic says: give me enough money, and I'll prove you that I'm right.

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