Billions and Trillions Confusion

Here’s a quote from a recent BBC news article: Eurozone leaders have agreed on a comprehensive package designed to shore up banks, including making more than a 1,000bn euros ($1,366bn) available for interbank loans. Notice anything strange about it? That’s right, 1,000bn euros and the dollar equivalent. When I first saw that, I thought it was wrong, it had to be “one trillion”, so off I went try to confirm […]