JANE BURGERMEISTER REPORT: ‘Second Greek bail-out could push eurozone bill to €1,450 per household; European tax payers will have to foot bill for 250 billion euros by 2014’

Second Greek bail-out could push eurozone bill to €1,450 per household; European tax payers will have to foot bill for 250 billion euros by 2014 Jane Burgermeister | June 21, 2011 at 1:32 pm | Categories: Uncategorized | URL: http://wp.me/puNtl-1jc

Far from protecting Europe, a second bail-out of Greece is likely to cost eurozone taxpayers three times the amount of the original by 2014, according to a report by Open Europe, writes The Telegraph.

Read more at: http://www.telegraph.co.uk/finance/financialcrisis/8589016/Second-Greek-bail-out-could-push-eurozone-bill-to-1450-per-household.html

By 2014, 64% of all Greek debt or  250 billion euros could be held by European tax payers, the ECB and IMF, up from 85 billion euros at the start of 2011, Open Europe told Bloomberg.