Eurozone approves new $173B bailout for Greece

Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including ?130 billion ($173 billion) in new financing.



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They sealed their own fate, the fools.

The deal satisfies some. This guy writing in Forbes says the deal is farcical. How can you improve the debt to GDP ratio when what you are doing is going to kill the GDP. Besides, all that's really happening is that the creditors are basically just cutting a loan to themselves just to make things look solvent.

Either way it may all be moot as Greece may be scheduled to default in late March anyway. After working things to make their own accounts look OK they may just go ahead and pull the plug - think of it as international foreclosure.

In this article, MF Global demonstrates the crucial difference between a default and a haircut and why it matters so much.

What? Greece gets a negative bailout?

The Greeks do a superb job of killing their own GDP

Greek Government gives pyromaniacs and pedophiles Disability Payments

Just wait till it's America's turn, it'll be far worse then what the Greeks are being abused by.

Probably true. The Greeks pour into the streets and bust things up. The Americans will just fold and take it.

sadly, u are correct... but i also think we're gonna start dying in large quantities right in front of god and everybody....