6 JUN 2011
By Tyler Durden | Zero Hedge
It's the weekend, which means another Spiegel hit piece over the solvency and stability of the Eurozone is overdue.
Sure enough, the publication comes through admirably with "New Greek aid to cost more than one hundred billion euros
." As a reminder, until as recently as 24 hours ago it was expected that the bailout would be at most €80 billion, with half coming from Greek privatization efforts.
Naturally, this means that even more money will be transferred from taxpayer pockets to bank capital deficiency accounts.
Next up: Greek bailouts 3, 4, 5, by which point Goldman will have hopefully achieved its life long ambition of opening a Goldman Sachs-branded ATM at the main entrance to the Acropolis, which GS will have LBOed using discount window capital.
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Agreement over next slice of Greek aid