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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (114874)	6/6/2012 12:01:29 PM
From: mel221	Read Replies (1) \| Respond to of 149317

People who study the issue suggest $40 billion is not in the ballpark. That’s the supposition being made by the Daily Mail today, that Spain is going to require a €300 billion (near $400 billion) bailout to prevent complete economic meltdown. forbes.com The bailout just prevents the default. Afterwards, you are stuck with austerity. We know how well that works. Greece has been bailed out. How well is that working? After The EU blows its money on Spain, they get to do it all over again with Italy. A solution(for the Eurozone) that includes stimulus as well as bailouts is measured in trillions of dollars for many years. Sound familiar?