The EU/Greek/German situation now

Still fascinating, for sure. This, last evening: G20 inches toward $2 trillion in rescue funds. With the G20 countries meeting right now in Mexico, they've come up with a plan for all the members to pony up two trillion dollars, as a safety buffer for the EU countries, to help them get over this rough debt patch. All well and good, I suppose. The EU, the US and China and the rest of the world, really, can't afford to let the EU go down, that's been clear all along. What's fascinating, though, is that the Greek people aren't for the austerity measures that are being forced on them now while the Germans aren't crazy about having to be the ones who pony up so much of that money to bail them out of their mess. Crazy situation. Final note here today on this: Greece's goal has to be to get their debt down to only 120% of GDP (Gross Domestic Productivity) by the year 2020. That shows you how bad things are for them and just how much they've overspent. It just keeps getting curiouser and curiouser. Link: http://news.yahoo.com/euro-zone-deal-firewall-awaits-germany-001447722.html