|
Re: Eurozone will collapse...
They tried that a couple of times before - didn't seem to work.....
Quote:
It (Greece) was given 110bn euros of bailout loans in May 2010 to help it get through the crisis - and then in July 2011, it was earmarked to receive another 109bn euros.
But that still was not considered enough.
And so, in October 2011, the eurozone got banks to agree to a 50% "haircut" on their Greek holdings, alongside an enhanced 130bn-euro bailout.
Since then, the economic situation in Greece has deteriorated further and the deal now on the table involves an even bigger debt write-off than previously consented to by the banks.
|
__________________
Thank you for calling the Abyss.
If you have called to scream, please press 1 to be transferred to the Void, or press 2 to begin your stare.
If my post is in bold and this colour, it's a Moderator Request.
|