The American Empire in a Changing World


Wednesday, June 20, 2012

''EU poised for $943B Spain, Italy bailout''

how much to bailout france??...........From UPI

''European leaders are poised to outline what is expected to be a $943 billion bailout deal for Spain and Italy, U.S. and other Group of 20 officials said.

"Nothing has been decided yet," a spokesman for German Chancellor Angela Merkel said as officials from other countries started talking about the pending deal for eurozone bailout funds to buy up the bonds of crisis-hit governments.

Merkel, who has long opposed such a deal, is under intense pressure, along with other European countries -- pressure that was increased Monday and Tuesday at a summit of the Group of 20 leading industrial and developing economies in Los Cabos, Mexico -- to take radical action to stem the growing euro crisis.''

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