Hey, the Europeans learn fast: If you’re going to abandon your economic principles, you might as well do it in a big way.

European governments and the International Monetary Fund have agreed to provide Greece with €110 billion ($145 billion) in loans over the next three years and, in the process, accept junk bonds from Greece as collateral for the humongous aid.

Gee, I could have done that. I sure hope this doesn’t affect the national debt(s) or anything.

As the largest state among the 16 countries belonging to the euro zone, Germany’s contribution to the bailout package will be the biggest.