Thursday, April 29, 2010

Ummm, can someone check my math on this Greek bailout?????

I get it, the Greek's need a lot of money.  But $14k per person?  That would be a USA bailout of $4.375 TRILLION dollars....ummm what the hell?

From CNNMoney:

NEW YORK (CNN) -- The aid package being negotiated to bail out Greece is worth 120 billion euros (about $160 billion) through 2012, according to Vassilis Papadimitriou, a spokesman for Greek Prime Minister George Papandreou.
But the International Monetary Fund and European Union are demanding further austerity measures as a price for the bailout, according to a top Greek labor union official.

Copyright 2010 TheAlphaNinja

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