Monday, March 1, 2010

The Greece bailout

A plan led by Germany and France to bail out Greece with as much as €30 billion ($41 billion) in aid began to take shape amid intense and risky jockeying between Athens and Berlin over timing and terms.

Greek officials said they expected to seal a deal by Friday, when Greek Prime Minister George Papandreou meets in Berlin with German Chancellor Angela Merkel, but senior German officials insisted a bailout wasn't imminent.

Why Friday?

Because they want to pretend the bailout will be done, before Greece Prime Minister George Papandreou visits the White House on March 9, with a side visit with "Pallet Tim!"

ATHENS (Reuters) – Greek Prime Minister George Papandreou will meet President Barack Obama in an official visit on March 9, the country's press ministry said on Friday.

Heck, Pallet Tim helped misplace 363 tons of cash, or $12 billion in cash in Iraq, and no-one knows where it is!

How tough then, is an electronic bailout of Greece?

When you don't even need a pallet?

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