Oct 14, 2008 01:25
The German government rescue plan includes guarantees and capital injections totalled 470 billion euros. That would equate to about $2.7 trillion if one compares the relative GDP size of the US and Germany. In dollars the 470 billion Euros is $635 billion. The US GDP is about 4.3 times that of the German GDP. Do the simple extension of 4.3 times $635 billion and you get something in the neighborhood of $2.7 trillion. There are no words to describe that sum. It would be impossible to raise that sum in timely fashion without a total disruption of capital market flows.