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6th Day of Xmas - We Are Bailing
Generali
Posts: 36,411 Forumite
The EU announced the creation of a new fund for bailing out countries like Greece this year. How much money should it have at its disposal once it is ratified?
Today's song choice is obvious:
Rescue me!
Come and haircut me
Rescue me
I want your tender cash,
Coz I'm lonely and broke,
I need Bubba and their AAA too.
Today's song choice is obvious:
Rescue me!
Come and haircut me
Rescue me
I want your tender cash,
Coz I'm lonely and broke,
I need Bubba and their AAA too.
What is the total amount available to be lent under the new ESM? 16 votes
EUR5,000,000,000
0%
EUR50,000,000,000
0%
EUR500,000,000,000
81%
13 votes
EUR5,000,000,000,000
18%
3 votes
0
Comments
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EUR500,000,000,000I lose count with that many zeroes, I will guess 500bn. I suspect it might be much less though as they cant issue new notes themselves0
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To put the above numbers in words, they are 5 billion, 50 billion, 500 billion and 5 trillion respectively using short scale terms.0
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EUR5,000,000,000,000I believe 5 trillion is touted.0
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EUR5,000,000,000,000If it isn't, that's what it needs to be. It's a basket case.0
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EUR500,000,000,000What use is a bailout fund that has already had its credit rating cut?I think....0
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which side of the fund will France be ?0
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