It's Official- Greek Debtor In Possession Loan Now €100-125 Billion; US Contribution To Greek Bailout: At Least $7 Billion
It's  Official: Greek Bailout Expanded To €100-€120 billion over three years  (40 billion a year) according to Strauss-Khan, which would eliminate  Greek funding needs for the next 3 years via a primed DIP funded by  Europe and the US. German contribution to be no less than €25 billion. IMF  role will likely be at least €25 billion if not more. At about  20% US contribution to the IMF, the US taxpayers just got hit with a $7 billion bailout fee  to make sure French and German banks don't have to Mark-to-Bankruptcy  their Greek exposure. This is definitely not a done deal:  Germany's SPD says they will not vote for the aid, which according to  preliminary rumors will make all eurozone member states subordinate  creditors to the new "DIP" facility. All those buying this rally are  assuming that Germans will go quietly with the new proposal even though  they threw up all over the old "only" €10 billion demand. Oh, and wait  until Greeks realize what the "austerity" terms of the new IMF package  are. We are sure the Greek airforce will just call in sick for the rest  of the century at that point.
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