The bail out requested recently by Spain was 100 billion euros. If this was paid back at 1 Euro per week, the length of time required to repay the debt would be approximately half the age of the Earth. (not including interest payments.) If you are a Creationist who believes that the Earth is between 5 and 10,000 years old the situation is even worse.
Wednesday 20 June 2012
WHAT ON EARTH ARE WE DOING?
The figures for the costs of bailouts of various countries and their banking systems are becoming astronomical and quite literally beyond comprehension. So to help, here is information to put them into context:
The bail out requested recently by Spain was 100 billion euros. If this was paid back at 1 Euro per week, the length of time required to repay the debt would be approximately half the age of the Earth. (not including interest payments.) If you are a Creationist who believes that the Earth is between 5 and 10,000 years old the situation is even worse.
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