We have our own troubles. Why should we care about what happens in Greece? Maybe we should be paying more attention. According to Henry Blodget, CEO of The Business Insider, U.S. taxpayers will chip in $8 billion to help bailout Greece.
That number could rise if the need for bailouts spreads to Portugal, Italy, Spain or whereever.
Here’s more perspective of what’s happening in Europe.
The Balance Sheet: Merkel’s Mess
The Curious Capitalist: Why Europe is still in meltdown
The Conscience of a Liberal: Default, Devaluation, Or What?