Bailout in Spain: $10,468 per family

From the Wall Street Journal today:

Spain to Cede Bank Control

Draft of $123 Billion Bailout Deal Puts Bond-Loss Burden on Smaller Investors

“BRUSSELS- Spain will be forced to give up most of the control over its banks to European institutions-and will be required to impose losses on local investors-in return for a bailout of as much as $123 billion according to the draft agreement accompanying the rescue.”

(Spain’s population is 47 million. Per capita, the bailout is $2,617. Per hypothetical family of four, it is $10,468. In May of 2010, Greeks got $52,724 per family of four, in Februaary of 2012, they got $61,818 per family of four.)


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