Tuesday 20 March 2018

We could rebuild Japan 10 times over with our banking bailout

The financial cost of the quake disaster is dwarfed by our economic meltdown, writes John Crown

John Crown

'A billion here, a billion there, soon you're talking real money'

Senator Everett Dirkson

RECENT figures suggest that the financial cost of the earthquake disaster in Japan -- a catastrophe which may have killed 15,000 people, orphaned many thousands of others, wiped out whole towns, inundated hundreds of square miles of land with sea water, and which poses a risk of nuclear contamination -- may be in the range of €200bn, or €2,000 per man, woman and child in that beautiful, civilised country.

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