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Bailout

: Calculated Risk

Greece Asks for Bailout

By Anonymous

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From Niki Kitsantonis and Matthew Saltmarsh at the NY Times: Greece Calls for Activation of Financial Rescue Package
Describing his country?s economy as ?a sinking ship,? the Greek prime minister formally requested an international bailout on Friday ... The plan foresees up to ?30 billion, or $40 billion, in loans from Greece?s euro-zone partners, as well as up to ?15 billion from the International Monetary Fund.
Not exactly a surprise ...

Full post as published by Calculated Risk on April 23, 2010 (boomark / email).

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