Posts Tagged ‘PIIGS Problem’

EU – Greece Problem Update

Thursday, May 6th, 2010

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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