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Europe's Bailout Costs In One Chart: €2 Trillion And Counting
This chart, better than any we have seen so far, summarizes just how much has been injected already to preserve the Eurozone from collapse. This is what is known as a sunk cost, because last time we checked (and just as we explained back in March at the market highs when everyone was euphoric that Europe is now fixed) nothing has been fixed, and Europe is one 'rogue' democratic vote away from an EMU exit, and thus oblivion (or so they said last year, now everyone is prepared for a Greek departure, or so they say now, expect for the Greeks of course - they go straight to the 10th circle of hell and do not pass go). ... (full story)
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- Jun 3, 2012 1:26pm Jun 3, 2012 1:26pm
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Greener
- | Joined Jan 2010 | Status: Member | 667 Comments
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- Jun 3, 2012 2:42pm Jun 3, 2012 2:42pm
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pjotter
- | Joined Mar 2012 | Status: Make it happen! | 10 Comments
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
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- Jun 3, 2012 4:16pm Jun 3, 2012 4:16pm
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DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
There is always a price for promises you don't keep!