A blog that covers Politics, finance, economics, and science. Perspective is conservative in the non-social sense, but not dogmatically so. Maintained by the Chief Technology Officer of a large Hedge Fund
Friday, May 20, 2011
The International Monetary Fund ...
...approved a loan of 26 billion euros, or $36.81 billion, to Portugal, according to media reports Friday. Under the agreement, Portugal will get 6.1 billion euros immediately, according to reports.
The US taxpayer foots about 18% of this loan to poorly run Portugal
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