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"we'll end up paying €50 Billion plus for toxic bank loans (on property) and a similar amount to recapitalise banks busted by property loans."

Frank you seem to be speaking about the future, I was asking about the 7% deficit in 2009. I doubt those 50 billion € will come out directly from the budget and all during the same year.

You might find me At The Edge Of Time.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Apr 12th, 2010 at 04:38:53 AM EST
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