Greece seals rescue deal with EU and IMF

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02 May 2010 12:00 AM by TechNoApe Star rating in Duquesa, Manilva. 1277 posts Send private message

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According to Sky News this morning, Greece has signed a deal with the EU and the IMF to borrow 60€ Billion each year for the next two to three years.

More here at Reuters: Greece seals deal with EU and IMF

There is a post on here somewhere where I said that Germany and France would have to allow the deal otherwise the Euro as a single currency would fail.


 



This message was last edited by TechNoApe on 02/05/2010.

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02 May 2010 1:13 PM by Sanchez1 Star rating. 853 posts Send private message

They should have let it go bankrupt as they're going to need all their money to bail out Spain.  Greece is a tiny percentage of the EU economy.  Spain is a lot bigger.



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03 May 2010 12:15 AM by ads Star rating. 4124 posts Send private message

This makes for interesting reading if you are into statistics:

 

Open Europe estimates for EU-27 budget for 2007-2013 in euros (€)
Member state
↓
Money
to EU
(billions)↓
Money
from EU
(billions)↓
Net
benefit
(billions)↓
Ratio of money (Out/In)↓ Population
(2007)↓
Net benefit per capita↓
Austria 19 10 -8.5 0.526 8,298,923 -1024
Belgium 33 39 +6.4 1.182 10,584,534 605
Bulgaria 2.3 12 +9.7 5.218 7,679,290 1263
Cyprus 1.1 1 -0.1 0.909 778,684 -128
Czech Republic 9.2 31 +22 3.370 10,287,189 2139
Denmark 17 10 -7.2 0.588 5,444,242 -1322
Estonia 0.8 4 +3.2 5.0 1,342,409 2384
Finland 13 9 -3.7 0.692 5,276,955 -701
France 140 89 -51 0.636 63,392,140 -805
Germany 164 78 -86 0.476 82,314,906 -1045
Greece 15 40 +25 2.667 11,171,740 2238
Hungary 8.4 32 +24 3.810 10,066,158 2384
Republic of Ireland 11 12 +0.6 1.091 4,312,526 139
Italy 116 70 -46 0.603 59,131,287 -778
Latvia 1.4 6 +4.6 4.286 2,281,305 2016
Lithuania 1.7 9 +7.3 5.294 3,384,879 2157
Luxembourg 2.3 10 +7.7 4.348 476,187 16170
Malta 0.5 1 +0.5 2.0 407,810 1226
Netherlands 37 13 -24 0.351 16,357,992 -1467
Poland 22 87 +65 3.955 38,125,479 1705
Portugal 12 29 +17 2.417 10,599,095 1604
Romania 7.2 32 +25 4.444 21,565,119 1159
Slovakia 3.5 14 +11 4.00 5,393,637 2039
Slovenia 3.1 6 +2.9 1.9354 2,010,377 1443
Spain 76 78 +2.2 1.026 44,474,631 49
Sweden 20 9 -11 0.450 9,113,257 -1207
United Kingdom 103 46 -57 0.447 60,816,701 -937
Sources [4] [4] Calculated [4] [5] Calculated




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