"Portugal headed for a perfect economic storm," headlines i, reporting on the exceptionally bleak outlook for the country’s economy."

[link to www.presseurop.eu]



So here is the result of the austerity measures the IMF and Brussels have been demanding: another deep recession. We are back to 2008 again. The article mentions -1.4% but it will be much worse. Some measures weren't already taken. Probably 2% or more.

I also heard today in the news some guys speculating about Greece's default pretty soon, and how Portugal will be attacked again after that happens. Just to say we're toasted.