Saving the Euro = Trillions ?

Telegraph: Reports on a two trillion plan by Germany and France to save the Euro and manage a Greek default but keep it in the Euro. It is a plan folks, are the Germans going to pay the two trillion Euros, otherwise it’s a grand plan that’s dead in the water. If the idea is that the seventeen counties that make up the Euro share the cost, then it’s a dodo, the worry is that it could be grand French and German plan by officials but its political consequences are toxic, its all in the details folks. The one aspect that’s odd is the idea that Greece should default but stay in the Euro and a bigger write off its debt, the article notes around 50%, the problem with that is that Greece could not go to the market for years, if ever, the EU would have own Greece, this plan has the feel of delusional French/German gambit, that is set to fail. It really depends who pays folks, very odd, sounds lot like Obama’s job plan.