The crisis in Europe
From The Brussels journal:
"The irony of the situation is that Portugal is expected to contribute about €2bn of the €120bn in bilateral loans to Greece, and Spain some €8bn. Italy and Ireland, who are also burdened with debts, are to contribute some €12bn and over €1bn respectively. In other words: The insolvent are expected to bail out the bankrupt. "
Absolute insanity!
"The irony of the situation is that Portugal is expected to contribute about €2bn of the €120bn in bilateral loans to Greece, and Spain some €8bn. Italy and Ireland, who are also burdened with debts, are to contribute some €12bn and over €1bn respectively. In other words: The insolvent are expected to bail out the bankrupt. "
Absolute insanity!
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