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10 May 2010 10:08

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Biz: As expected, the market loved Europe’s response to the debt crisis

  • 3% the worldwide stock increase after Europe put its full financial might behind the debt crisis
  • 2% the amount the Euro gained on the dollar; in recent days, it had been floundering source
Posted by Ernie Smith • 0 Comments • Permalink

09 May 2010 21:28

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Biz: The European Union throws a ton of money at debt crisis

  • €720B
     could get loaned to European countries greatly affected by the debt crisis
  • €440B
     the amount European countries will make available; the EU will loan €60 billion
  • €220B more could come from the Greece-helping International Monetary Fund source
Posted by Ernie Smith • 0 Comments • Permalink

09 May 2010 20:29

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World: Greece gets the first part of that massive aid package of theirs

  • $38.6B
    will get loaned to Greece over the next three years by the IMF
  • $7B
    hits the country’s coffers as of right now; the rest comes later
  • $141B
    was offered to the country in an aid package accepted last week source
  • » Will this improve the country’s dismal state? It’ll improve the global market most likely but won’t ease tensions among its citizens. The extremely unpopular austerity measures were a condition of the aid package they got from the IMF, European Central Bank and European Commission. So they’re not going away, kids.
Posted by Ernie Smith • 0 Comments • Permalink
 
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