Greece's population is just just 11 million. So the EU is going to have to foot a bill of €5,400 per person. Quite generous of it - or, rather, of the Germans - I think.
MAY 10, 2011
Greece Says Audit Will Show €60 Billion Need
By COSTAS PARIS And TERENCE ROTH, wsj.com
ATHENS—Greece expects that a June audit of its budgets will show that a new financial-aid package of nearly €60 billion ($86 billion) will be needed to cover its financial needs stretching into 2013, a senior Greek government official said Tuesday.
The official, with knowledge of the talks between Greece and the European Union and International Monetary Fund, said the issue of extending current packages, or arranging new loans, will be discussed at a regularly-scheduled meeting of EU finance ministers next Monday and Tuesday.
Greece is projected to need around €27 billion in new assistance next year and another €32 billion in 2013.
Article continues: http://online.wsj.com/article/SB10001424052748703864204576314553638796990.html?mod=WSJ_newsreel_world
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 