Greece Gets First Infusion

The Periscope Post:

Greece today received the first tranche of the €110 billion European Union-led bailout loan, €20 billion to help it get over the next hump: an €8.1 billion euro bond repayment due tomorrow.

Read the whole story: The Periscope Post

Comments

[interventor]

12:33 PM on 05/20/2010

Previous Greek government lied to borrow money to finance their programs. Now, the Germans and French find out the lent funds were their retirement accounts. To keep the Greeks afloat, more must be lent. Whirlpool effect!

[KIVPossum]

11:43 AM on 05/19/2010

Know a couple of Greeks I'd like to give an infusion.

[Oleg1]

10:59 AM on 05/19/2010

Greeks party, Europeans pay. Not a bad gig if you can get it.

[stav506]

12:43 PM on 05/19/2010

Cost of living ratio for Greece compared to the rest of the EU is 1.25 to 1. (For example, a tube of toothpaste may cost 1.25 in Greece but only a 1 elsewehere in Europe.)

[Oleg1]

01:54 PM on 05/19/2010

ratio of actual work done to hours paid--- 1 to 3.5

[ask0]

07:32 AM on 05/20/2010

You obviously have some type of obsession with this country - and find plenty of time to indulge it.

Obviously you are not very productive if you spend so much time chasing stories and making your petty little comments and judgements about a whole country and race.

Get on with your life and stop hating so much.
Or are you just a bi got?

[econ1]

04:46 PM on 05/18/2010

Many more to follow.

[Levonsky]

03:08 PM on 05/18/2010

In 1996, the corporate tax rate in Greece was 45%, today it is 25%.

No wonder they have deficits.
It will be our turn next and then we'll see some tea bagger squeals when their SS and Medicare are cut.