**************************************Originally Posted by Lraiser
The European governments and the IMF have made 386 billion euros ($480 billion) in loan pledges to Greece, Ireland and Portugal.
Spain’s economy is more than twice the size of the three countries combined.
http://washpost.bloomberg.com/Story?...EKJ533HIPGVR6F
Interesting times indeed.
In view of Spanish economy is as big as the three countries put together,it will take more than $500 billion to put back the economy of Spain. Spanish request of $100 billion for EU loan is not anywhere enough. In fact, it may do more damage than good, If EU wants to put back the economy together , do it right. But than the problem is bigger than EU can handle alone. It should invite funds from China either directly or throug IMF.
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