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Rescue Efforts

E.U. Preps Greece Bailout

Would cost $41 bilion.

Hey, it's still a heckuva lot cheaper than AIG: Germany and France are putting together a $41 billion plan to bail out Greece, according to The Wall Street Journal. Greek officials are expected to sign off on the deal when Prime Minister George Papandreou visits Berlin, but German officials insist that no such deal is in the making. The Journal says Germany does not want to help until Greece has demonstrated progress in reducing its deficit, which ballooned to 13 percent of GDP this year.

Read it at The Wall Street Journal

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