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But nobody knows what the eurozone will do with that time (the time Bailout 1 bought has been largely wasted).
Since it's less than two years since Bailout 1 of 110bn euro and things in Greece have gone from bad to worse, you might wonder why this second one will do any better.
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I am disappointed at the cold and self-interested tone of your editorial on Ireland exiting the bailout (14 December).
The effect of dipping into our pension reserve We're using €17.5bn of our own money in this bailout, €5bn from cash reserves, and €12.5bn from the National Pension Reserve Fund.
PAGE B1 White House Pushes for Bailout B4 KEEPING LENO IS A GAMBLE FOR NBC When Jay Leno's prime time show has its debut next year, it could have a major ramifications for the network entertainment business.
At most Bailout 2 buys some time (like Bail Out 1).
Under Bailout 2 it's meant to fall to 120% by 2020 (though nobody seriously expects that to happen).
On present likely projections, even the Brussels bureaucrats think there's every chance there will need to be a Bailout 3.
A "strictly confidential" report prepared for eurozone ministers' eyes only but helpfully leaked in this morning' s Financial Times shows that Brussels fears Bailout 3 could be necessary.
Of the 110-billion Euro Greece bailout, 30-billion (approx $40 billion) will be paid for by the IMF.
Isn't this just another form of a bailout?" "40 years in the business... this is the dumbest thing I've ever heard of".
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