In addition to Spain, Greece is spooking markets, with the country asking for more time to meet...


In addition to Spain, Greece is spooking markets, with the country asking for more time to meet the conditions of its €130B rescue. That would require another €10-50B of help, Der Spiegel reports, but neither Germany nor the IMF are prepared to provide it. The IMF would only say that it will start talks with Greece tomorrow on how to bring its economic program "back on track."

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Comments (5)
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    Good thing they took care of the problems in Greece and Spain weeks and weeks ago, else we'd have to worry about this.
    23 Jul 2012, 09:44 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (316) | Send Message
     
    Would all the world's debt problems be solved if the Fed printed and additional $100T and lent it at low rates? Hmmmm.
    23 Jul 2012, 09:48 AM Reply Like
  • winningtrader
    , contributor
    Comments (2459) | Send Message
     
    Do you mean per year? I suggest they lend it at -10% rate.
    23 Jul 2012, 10:13 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11174) | Send Message
     
    Geez, Europe...

     

    KICK THE BUMS OUT ALREADY!!!
    23 Jul 2012, 11:46 AM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    As Greece has failed to reach it's target on austerity measures and ECB has not accepted the Greek debt as collateral, this will keep the markets very nervous of a possible default. Will it really help I wonder to keep pouring good money after bad ................
    24 Jul 2012, 04:13 AM Reply Like
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