You know at least when we tired our damnedest to destroy the world economy, it was just a couple of jackass banks (and of course, the federal government which turned a blind-eye to said banks, but that’s neither here nor there). In the EU, entire member states are working hard to send us into another tailspin.
In an extraordinary session that lasted into the early morning hours, finance ministers from the European Union agreed on a deal that would provide $560 billion in new loans and $76 billion under an existing lending program. Elena Salgado, the Spanish finance minister, who announced the deal, also said the International Monetary Fund was prepared to give up to $321 billion separately.
…for a grand Total of $957 bn. Not exactly chump change and as The Times notes, bigger than our $700bn bailout.