New €110 Billion 15 year fund for Bankrupt Greece

[arista]

http://www.guardian.co.uk/business/2011/jul/21/european-markets-new-bailout-greece


With a Lower Interest Rate
and 15 years to pay back
Greece the Dead Dog has a life line again.


But still to find out what Banks will be Attacked
due to this.



Of Course Other Nations in the €urope money can also dip into this.
So Ireland is also saved, for those that have stayed there.


Sources:
SkyNewsHD, Bloomberg ,
EuroNews ,France24, CNBC, CNN , Radio 5.

[joeysteele]

I guess it makes sense that the Eurozone has to be kept going, for the effects it could have on the UK if it was to really go under and have great uncertainty for a time.

[arista]

I guess it makes sense that the Eurozone has to be kept going, for the effects it could have on the UK if it was to really go under and have great uncertainty for a time.




But if Spain and Italy
went like Greece
the €uro would Die.



So Time will tell.



If a Nation does go under
then instead of Printing new money
they should change to Dollars.

[joeysteele]

I agree, Italy is the big one,what happens there may likely determine the Euros future.

[arista]

http://i.dailymail.co.uk/i/pix/2011/07/22/article-2017335-0D1BD59800000578-556_634x307_popup.jpg

I can not blame Bulgaria for not wanting to Join the Dodgy Euro yet.