IMF Tells German Lawmakers Greece Needs Up to EU120 Billion

dkf

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Wed Apr-28-10 09:22 AM
Original message

IMF Tells German Lawmakers Greece Needs Up to EU120 Billion

http://mobile.bloomberg.com/apps/news?pid=2065100&sid=a_BnxEI32.7I

IMF Tells German Lawmakers Greece Needs Up to EU120 Billion
By Brian Parkin

April 28 (Bloomberg) -- International Monetary Fund Managing Director Dominique Strauss-Kahn told German lawmakers in Berlin today that Greece may need as much as 120 billion euros in aid, Green Party parliamentary spokesman Michael Schroeren said by phone today.

.....

My euro converter says this is approximately $158b

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naaman fletcher

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Wed Apr-28-10 10:00 AM
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1. silly

The answer to having borrowed too much money is very rarely to borrow even more. The whole point of the IMF is to make sure that the banks get paid.. and so it goes on over and over and over again.

Greece should bite the bullet and do two things:

1. Start living within it's means.
2. Just stop paying back the debt.

Sure, if you don't pay back your debt you will have trouble getting more debt for 5-10 years, but if you live within your means that's not a problem.

And yes, we have the same problems, etc.

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