Sunday, October 23, 2011

Key European Leaders Discuss Debt Crisis

It is now believed that Greece may need a much bigger bailout than previously thought. It is possible that they may need up to 50% more in bailout money. Greece is not the only discussion at this meeting. Italy is being asked to not spend as much because they have the second largest debt in the EU and are estimated at spending more %120 of their GDP. This is all troubling for contries such as Great Britain because it is believed that the decisions of the EU will impact non-EU countries as well.
http://www.dw-world.de/dw/article/0,,15481371,00.html

Matthew Draper

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