Two sources inside the European Union have confirmed the EU’s rescue plan for Greece includes a 6% interest rate over the first 3 years and up to 7% if longer. To put that into perspective, the IMF charges 3.6% for loans over 300% in quota, which Greece is. So, the question is: How does the EU expect Greece to cover a 6% bailout rate? Increasingly likely is they don’t and they are just trying to […]