Bailout

As the European Union struggles to contain the euro crisis, Spain is quickly approaching an economic collapse. The country is among those in line to receive a Greece-style bailout, though experts say its time for one may come sooner than once expected.

As Greece continues to try and arrest its economic decline, Germany OK’d another $170 billion worth of bailout funds to keep the government operating, to prevent the country from going bankrupt and to keep Greece in the eurozone.

Karl Rove blasted it as a taxpayer-funded Obama re-election ad. Democrats lauded it as an example of why America is great. Yet many people were left wondering what does it mean that America is at “halftime.”

Many in financial markets are already assuming that Greece is going to default on its loans, but there is growing opposition to any more bailouts.

Greece will receive a second bailout, in the amount of 109 billion euros, or $157 billion.