Good grief. Here I am thinking it might be in the tens of billions.
“To come up with a bailout plan that would be reasonably certain of success, it would have to cover all the most likely candidates, and it would have to be big,” said Paul Mortimer- Lee, global head of market economics at BNP in London. “Size matters when you are trying to scare off speculators and to comfort nervy bondholders.”
He continues: “Talk, as they say, is cheap. Any convincing bailout will not be.”
Source: Bloomberg
By using this site you agree to the 'Terms of Use'. This is not advice. This site features the opinions of the various authors and sources. While Plan B Economics makes every effort to provide high quality information, the information is not guaranteed to be accurate and should not be relied on. Investing involves risk and you could lose all your money. Consult a professional advisor before making any investing decisions.
