The Great Recession continues around the world: Dominique Strauss-Kahn, Managing Director of the International Monetary Fund; President Jean-Claude Trichet, of the European System of Central Banks; and Finance Minister Wolfgang Schaeuble, of the socialist Federal Republic of Germany, announce the extension of a 45,000,000,000 Euro loan to Greece, which is about to default on its foreign debt in the next three weeks.  Earlier in the day, Strauss-Kahn told the Bundestag (parliament) of Germany that Greece would eventually need to borrow between 100,000,000,000 and 120,000,000,000 Euros to pull itself out of debt.

       Question: How does one borrow money to get out of debt?

       [added 3/13/2022] Thanks to Freedom’s Phoenix for this entry.

       Meredith Whitney, founder of Meredith Whitney Advisory Group, speaking to the Milken Institute Global Conference, in Los Angeles, california, warns that the fiscal situations of many states in the nation approach those of Greece, which is on the edge of a financial meltdown.

       [added 3/13/2022] Thanks to Freedom’s Phoenix for this entry.