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EU – Greece Problem Update

As expected, the EU/IMF approved Greece’s bailout package to the tune of over $140 billion. However, the problem now has spread to Portugal & Spain as costs to insure Portugal & Spain spiked upward.

The New York Times posted a nice chart detailing the contagion with the PIIGS countries.

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This entry was posted on Thursday, May 6th, 2010 at 4:43 pm and is filed under Daily Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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