Obama Pledges Help For Greek Crisis

Throwing good money after bad if Greece is not willing to take on some serious reforms, money we can not afford to spend...

http://www.cnbc.com/id/43321461

"President Barack Obama on Tuesday urged European countries and bondholders to prevent a "disastrous" default by Greece and pledged U.S. support to help tackle the country's debt crisis.

Obama, whose political prospects have suffered from persistently high unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one foreign "headwind" hitting the U.S. economy.
...
A proposal for a second Greek bailout package worth 80 billion to 100 billion euros over three years was taking shape, euro zone sources said."