It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Portugal Getting Their Bailout - $115 Billion

page: 1
1

log in

join
share:

posted on May, 3 2011 @ 06:49 PM
link   
latimesblogs.latimes.com...

Portugal agreed to a deal with the European Union for a three-year bailout loan worth $115 billion, the country’s caretaker government said Tuesday.

The agreement, which also will include financing from the International Monetary Fund, will make Portugal the third debt-strapped European country to take a bailout from the rest of the continent, after Greece one year ago and Ireland in November.




posted on May, 3 2011 @ 10:42 PM
link   
So someone printed $115 billion and loaned it to Portugal in order to have it eventually paid back with interest.

What a racket...



new topics
 
1

log in

join