He is out on bail, but will be appearing in court this month.
To start with, a bail-out of Spain would be on a different scale.
Then the EU and IMF will work on a second bail-out thought to be around 120bn euros.
Euro-zone members and the International Monetary Fund would also be on the hook if Greece repudiated its bail-out loans.
Past objections have been based on the fear that there would be a bail-out but not a clear-out.
Last month, the World Economic Forum (WEF) discussed a levy on financial institutions that would be used to help bail out banks in any future crisis.
After all, a bailout fund for banks, even if funded by a tax on the banks themselves, would be used to help bail out the banks.
This makes it entirely possible, if a couple of the Democratic abstainers can be worked on and the 10 Republicans who voted in favour of the bail-out stick to their guns, that the bill could be approved then.
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Details of the bail-out money, channelled via Frob, a restructuring fund, will be finalised on July 20th.
On top of that there would be no new group of investors to help bail them out since the game changed.
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One event still below the radar will be a serious Washington push to bail out General Motors, Ford and Chrysler, with the federal government taking on a big portion of those beleaguered companies' health and pension costs.
The bail-out may not reach those on the verge of desperation, who tend to be bigger farmers taking gambles on cotton crops.
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