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--- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
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[quote:galdur:MV8xNDA4NzUxXzIzMTk1ODYwX0Y0NTQ5RkM4] [quote:Anonymous Coward 1204153] [quote:galdur] [quote:Anonymous Coward 990655] [quote:galdur] [quote:Anonymous Coward 990655] [quote:Anonymous Coward 1246559] [quote:Anonymous Coward 990655] I know it doesnt belong to me. I just like watching communist Europe crumble to the ground. The confiscation of Germany's gold reserves should aid in that objective. Bwah! Bwah! Bwahahahahaha! [youtube]http://www.youtube.com/watch?v=sWS-FoXbjVI[/youtube] [/quote] Ok, I understand, you just want to troll or you are very stupid. In case you didn’t understand, the US debt problems have reach the level of Greece's problems. The Dollar will collapse like the Euro... :byekitty: [/quote] Who cares about state debt? We will print up a few extra trillion then export 70% of the inflation to other countries. [/quote] Wrong. A falling dollar obviously imports inflation from others. [/quote] Not if 70% of dollars are held overseas shit for brains. [/quote] The dollar is near a decades low. The scam isn´t working. The U.S. is so totally bankrupt that for the first time in a century its ruling elite actually hesitates to jump into what used to be a sure thing business proposition - WAR. I guess it can be too much of a good thing when you end up bankrupt in endless wars on multiple fronts. [/quote] The elite won't let the US fall, we're the war mongering militaristic "enforcers" that keep the Eurozone safe and compfy in their stutus of wealth...ie we do the dirty work for the french and germans [/quote] There is certainly some truth in that. You could even say that the Middle East is mostly about European logistics, procurement of energy from there and goods from the Far East and the most efficient transport of all that through the Suez Canal. Maybe it´s more that the US is getting tired of acting as an attack dog than its being weary of impossibly costly wars. When I refer to the US as being bankrupt, I mean this in an external sense, they can always draw in their lines for a time to gather strength within their own system. It´s an extremely diversified economy and could very well be self-sufficient if it had to. [/quote]
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
]
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