Full story here from ZeroHedge. Remember when this was $4bn for Greece (about a month ago)? Trying to transfuse the corpse big time. The financial Maginot Line has been constructed. That worked out well–oh wait…
From The Daily Capitalist
“The message has gotten through: the euro zone will defend its money,” French Finance Minister Christine Lagarde told reporters in Brussels early today after the 14-hour meeting.
The eurozone, those countries that use the euro as their currency, is in serious trouble as evidenced by Sunday night’s (here) announcement of a €750 billion bailout to defend the euro from tanking and taking down several sovereigns with it. Greece is only one problem. (more…)