Godlike Productions - Reply to Thread

Users Online Now: 2,226 (Who's On?)	Visitors Today: 728,230
Pageviews Today: 1,194,237	Threads Today: 477	Posts Today: 8,045
12:17 PM

REPLY TO THREAD

Subject --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message Portugal gov't nears collapse amid debt crisis

LISBON, Portugal (AP) -- Portugal's main opposition parties told the beleaguered minority government they won't budge from their refusal to endorse a new set of austerity measures designed to ease a huge debt burden that is crippling the economy. The new steps are likely to be rejected in a parliamentary vote expected Wednesday and the timing could not be worse. A defeat in the vote, Prime Minister Jose Socrates warned, would trigger his government's resignation, consigning Portugal to at least two months of political limbo just as officials were hoping to boost investor confidence in the country's future. "At this point, a political crisis is a big push towards the country resorting to outside help," Finance Minister Fernando Teixeira dos Santos said. The national political crisis also threatens to set back Europe's broader plan to stamp out the debt market jitters The national political crisis also threatens to set back Europe's broader plan to stamp out the debt market jitters.

[link to finance.yahoo.com]

Pictures (click to insert)





\| Next Page >>