On top of the $145B Greek emergency loan package, we now have another loan package worth 750B euro or roughly $970B to help stave-off a default from any of the PIIGS: Portugal, Italy, Ireland, Greece and Spain. 
 
Here’s how it breaks out:

The 15 eurozone countries (those countries that use the euro as their currency) other than [...]

 
The Economist magazine says “Greece looks bust”. No argument there…
 
Given that we here in the US are essentially the pot calling the kettle black, we need to pay attention because the stakes are very high. How high?: several estimates for eventual losses on bonds from:Portugal, Greece & Spain total $800B. This is more than sufficient [...]

As I watch US & international stock and bond markets move over the past few days and weeks, it is clear that markets are schizophrenic. The only news that propels stock markets is further bailouts. Case in point, this article is about whether and when Greece will be bailed out. So this is what it [...]