Portugal Bailout Could Cost $99 to $114B
- Thursday, March 24, 2011, 23:34
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After Prime Minister Socrates’ resignation right before the closing bell on Wednesday, speculation has mounted as to the future of the euro and the possibility of a bailout of Portugal by the European Union and the International Monetary Fund. While Warren Buffett said that it’s not unthinkable that the euro could collapse, analysts estimated the bail out could cost between 70 and 80 billion euro ($99 to $114 billion).
http://blogs.forbes.com/afontevecchia/2011/03/24/portugal-bailout-could-cost-99-to-114b/
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