GREECE GETS A 22 BILLION (BRITISH POUNDS) BAILOUT

Karl West and Andrew Oxlade, This is Money

The falling euro could be stabilised after Greece finally won a £22bn bailout from the eurozone countries.

Germany, Europe's biggest economy, is understood to have finally agreed to a deal despite facing huge internal resistance to the drastic measure with the German electorate reluctant to pay for what it sees as profligate Greek spending in recent years.

British taxpayers will not have to contribute directly to the rescue deal but critics said it was obvious such a large bail-out would have impact around the European Union bloc - including the UK.

Finance ministers of the 16 member states that use the euro, including Greece, are preparing to finalise details of the rescue on Monday.

Sources in Brussels said eurozone countries have agreed a set of 'co-ordinated bilateral contributions' in the form of loans or loan guarantees to Greece that will help ease the country's financial crisis if Athens cannot re-finance its soaring debts.

The aid package will go a long way towards nursing Greece's finances back to health, but some European countries believe Athens could need up to £50bn by the end of the year.

Why Greece SHOULD be bailed out

The credibility and strength of the euro would be undermined - possibly fatally - if Greece is not rescued. The prospect of a debt default could trigger a domino effect that would crash through the so-called highly indebted other members of the 'PIIGS' - Portugal, Ireland, Italy and Spain.

ARTICLE HERE

SMB Editor comments:

Greece has a population of 11,262,000 of which about 9.7 Million are over the age of 14. The Labor force is estimated at about 5 million.

Today, the exchange rate from pounds to US Dollars is about 1.52

Therefore, the bailout in terms of USD is about $33.5 BILLION.

This means that for every person over the age of 14 the amount over money per capita is $3,447

According to Wikipedia the average income per capita is about $32k per year and based on 2009 data unemployment is below 10% and less than 2% of the population lives below the poverty line.

So the question must be: WHERE IS ALL THIS MONEY GOING TO? The article doesn't explain.. and so just like the "Banker Bailouts", we the people are left to finance this without any accountability as to how this money is used.

THIS IS NOTHING MORE THAN ANOTHER NEW WORLD ORDER PLAY TO STEAL MONEY AND FURTHER ENSLAVE TO PEOPLE.

EDITORS NOTE: GET YOUR SAVINGS IN GOLD AS SOON AS POSSIBLE! THE DOLLAR IS GOING TO COLLAPSE AND YOUR MONEY WILL BE USELESS! DON'T WAIT! WE RECOMMEND SWISS AMERICA (LINK BELOW) AS WE HAVE BOUGHT GOLD FROM THEM IN THE PAST. THEY ARE RELIABLE AND TRUST WORTHY!


				*GREECE GETS A 22 BILLION (BRITISH POUNDS) BAILOUT*



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		HUGE BAILOUT GIVEN TO GREECE



		Karl West and Andrew Oxlade, This is Money The falling euro could be stabilised after Greece finally won a £22bn bailout from the eurozone countries. Germany, Europe's biggest economy, is understood to have finally agreed to a deal despite facing huge internal resistance to the drastic measure with the German electorate reluctant to pay for what it sees as profligate Greek spending in recent years. British taxpayers will not have to contribute directly to the rescue deal but critics said it was obvious such a large bail-out would have impact around the European Union bloc - including the UK. Finance ministers of the 16 member states that use the euro, including Greece, are preparing to finalise details of the rescue on Monday. Sources in Brussels said eurozone countries have agreed a set of 'co-ordinated bilateral contributions' in the form of loans or loan guarantees to Greece that will help ease the country's financial crisis if Athens cannot re-finance its soaring debts. The aid package will go a long way towards nursing Greece's finances back to health, but some European countries believe Athens could need up to £50bn by the end of the year. Why Greece SHOULD be bailed out The credibility and strength of the euro would be undermined - possibly fatally - if Greece is not rescued. The prospect of a debt default could trigger a domino effect that would crash through the so-called highly indebted other members of the 'PIIGS' - Portugal, Ireland, Italy and Spain. ARTICLE HERE SMB Editor comments: Greece has a population of 11,262,000 of which about 9.7 Million are over the age of 14. The Labor force is estimated at about 5 million. Today, the exchange rate from pounds to US Dollars is about 1.52 Therefore, the bailout in terms of USD is about $33.5 BILLION. This means that for every person over the age of 14 the amount over money per capita is $3,447 According to Wikipedia the average income per capita is about $32k per year and based on 2009 data unemployment is below 10% and less than 2% of the population lives below the poverty line. So the question must be: WHERE IS ALL THIS MONEY GOING TO? The article doesn't explain.. and so just like the "Banker Bailouts", we the people are left to finance this without any accountability as to how this money is used. THIS IS NOTHING MORE THAN ANOTHER NEW WORLD ORDER PLAY TO STEAL MONEY AND FURTHER ENSLAVE TO PEOPLE. EDITORS NOTE: GET YOUR SAVINGS IN GOLD AS SOON AS POSSIBLE! THE DOLLAR IS GOING TO COLLAPSE AND YOUR MONEY WILL BE USELESS! DON'T WAIT! WE RECOMMEND SWISS AMERICA (LINK BELOW) AS WE HAVE BOUGHT GOLD FROM THEM IN THE PAST. THEY ARE RELIABLE AND TRUST WORTHY!



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