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

 
Chris Jusset
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03/21/2011 05:56 PM

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--- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
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]
Anonymous Coward
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Germany
03/21/2011 05:56 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
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03/21/2011 05:59 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Sounds like another country I know...... and happen to live in...
Chris Jusset  (OP)

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03/21/2011 06:00 PM

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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
Anonymous Coward
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Germany
03/21/2011 06:02 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
First Portugal and then the there will be not enough money for Spain or Italy in the European rescue fund. Prepare for an interesting Autumn!
Anonymous Coward
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Germany
03/21/2011 06:03 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset





chuckle
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Finland
03/21/2011 06:03 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset


Germany will be the biggest payer but the rest of northern European nations have their own share to pay because of those fucking southern European scum countries...fuck them.
Anonymous Coward
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United Kingdom
03/21/2011 06:07 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset


Germany will be the biggest payer but the rest of northern European nations have their own share to pay because of those fucking southern European scum countries...fuck them.
 Quoting: Anonymous Coward 1300780


You are an idiot and you know nothing about history. Southern european countries countributed much more to the world than scandinivian ones. Go read some History books you retarded.
Anonymous Coward
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Canada
03/21/2011 06:07 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
bump
Anonymous Coward
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Finland
03/21/2011 06:10 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
You are an idiot and you know nothing about history.
 Quoting: Anonymous Coward 1293837


those southern Europeans who contributed are long gone, current generations only contributions are corruption & debt you broke ass pom.
Anonymous Coward
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03/21/2011 06:10 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Don't worry, the FED will bail out everyone!
Anonymous Coward
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Czechia
03/21/2011 06:11 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Why don't they just sell Germany a bit of beach?
Anonymous Coward
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United States
03/21/2011 06:12 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset


Germany will be the biggest payer but the rest of northern European nations have their own share to pay because of those fucking southern European scum countries...fuck them.
 Quoting: Anonymous Coward 1300780


You are an idiot and you know nothing about history. Southern european countries countributed much more to the world than scandinivian ones. Go read some History books you retard.
 Quoting: Anonymous Coward 1293837


Fixed for the non retard :D
Chris Jusset  (OP)

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03/21/2011 06:12 PM

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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Here's some more Portuguese doom:

Portugal Forecasts 0.9% Contraction in GDP in 2011 as It Cuts Spending

The Portuguese government forecasts the country’s gross domestic product (GDP) will shrink 0.9 percent in 2011 as it cuts spending, and investment drops. ... The govt forecasts debt as a percentage of GDP will climb to 87.9 percent in 2011 and 88.1 percent in 2012 from 82.4 percent in 2010. ... Portugal is raising taxes and implementing the deepest spending cuts in more than three decades... Portugal’s 10-year bond yield climbed to a euro-era record of 7.70 percent on March 9.

[link to www.bloomberg.com]
Anonymous Coward
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United Kingdom
03/21/2011 06:12 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
You are an idiot and you know nothing about history.
 Quoting: Anonymous Coward 1293837


those southern Europeans who contributed are long gone, current generations only contributions are corruption & debt you broke ass pom.
 Quoting: Anonymous Coward 1300780

Yeah thats why your country has the highest suicide rate in the world :P
Anonymous Coward
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Germany
03/21/2011 06:13 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Why don't they just sell Germany a bit of beach?
 Quoting: Anonymous Coward 1280210


Maybe the Spanish could sell us Mallorca scheming
Anonymous Coward
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Portugal
03/21/2011 06:14 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset


Germany will be the biggest payer but the rest of northern European nations have their own share to pay because of those fucking southern European scum countries...fuck them.
 Quoting: Anonymous Coward 1300780


Educate yourself before saying non-sense
wtf
Anonymous Coward
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United Kingdom
03/21/2011 06:14 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
...


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset


Germany will be the biggest payer but the rest of northern European nations have their own share to pay because of those fucking southern European scum countries...fuck them.
 Quoting: Anonymous Coward 1300780


You are an idiot and you know nothing about history. Southern european countries countributed much more to the world than scandinivian ones. Go read some History books you retard.
 Quoting: Anonymous Coward 1293837


Fixed for the non retard :D
 Quoting: Anonymous Coward 553745


Hehehe :):hiding:
Anonymous Coward
User ID: 1300780
Finland
03/21/2011 06:15 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
You are an idiot and you know nothing about history.
 Quoting: Anonymous Coward 1293837


those southern Europeans who contributed are long gone, current generations only contributions are corruption & debt you broke ass pom.
 Quoting: Anonymous Coward 1300780

Yeah thats why your country has the highest suicide rate in the world :P
 Quoting: Anonymous Coward 1293837


only reason we are rated highest is because we report them truthfully, you think countries like India or china report suicides correctly it's more like "shame on family, put it as an accident"
Anonymous Coward
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Canada
03/21/2011 06:16 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Lemme guess ... ... hmmm ... ... GERMANY will pay for it!
 Quoting: Chris Jusset


Germany will be the biggest payer but the rest of northern European nations have their own share to pay because of those fucking southern European scum countries...fuck them.
 Quoting: Anonymous Coward 1300780


You are an idiot and you know nothing about history. Southern european countries countributed much more to the world than scandinivian ones. Go read some History books you retarded.
 Quoting: Anonymous Coward 1293837


In the big picture, you're wrong. Scandinavian countries influenced a lot of southern European countries, which influenced the modern world down the road.
Punk-A$$ets

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03/21/2011 06:16 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
I knew it was time to start shilling for the dollar. The Euro is sailing right now.
Anonymous Coward
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United Kingdom
03/21/2011 06:16 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Why don't they just sell Germany a bit of beach?
 Quoting: Anonymous Coward 1280210

Cos it's cheaper to just leave a towel there!
Anonymous Coward
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Portugal
03/21/2011 06:16 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Ys it's true, tomorrow PM José Sócrates gov will fall. In some days ahead IMF will enter and rescue the country. Sad thing happening in my country...
KBambi

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03/21/2011 06:17 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Another one bites the dust
"We are locked in a battle. This is not a friendly, gentleman's discussion. It is a life and death conflict between the spiritual hosts of wickedness and those who claim the name of Jesus Christ."

"Search for the truth is the noblest occupation of man; its publication is a duty.”

Anne Louise Germaine de Stael (1766-1817), French author

“In times of universal deceit, telling the truth will be a revolutionary act.”

George Orwell

"I am the way, the truth, and the life."

Jesus Christ
Anonymous Coward
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Germany
03/21/2011 06:18 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Why don't they just sell Germany a bit of beach?
 Quoting: Anonymous Coward 1280210

Cos it's cheaper to just leave a towel there!
 Quoting: Anonymous Coward 1156290



rimshotpeace
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03/21/2011 06:19 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Ys it's true, tomorrow PM José Sócrates gov will fall. In some days ahead IMF will enter and rescue the country. Sad thing happening in my country...
 Quoting: Anonymous Coward 1307874


And the dominoes continue to fall...
Punk-A$$ets

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03/21/2011 06:19 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


ECB - just print off some more. Thats how it will be fixed.
galdur

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Iceland
03/21/2011 06:19 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Are they in the Libya campaign along with other impending bankruptcies - to divert attention from their bankruptcy status?
Anonymous Coward
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United Kingdom
03/21/2011 06:19 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
What about Ireland or Iceland? Are they southern european countries? Common guys... What is the role of semi-peripheric economies in the European Union? High interest rates benefiting central banks. The financial system is responsible for this crisis, and unless people stand up against this crap they are going to continue this gangrape of "small" economies.
I have many Portuguese friends, they are decent people and I hope they manage to overcome this situation.
NORMAL GUY

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Spain
03/21/2011 06:20 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Not good news this! But this week what is new, yet to see anything fun yet!
The most perfect place to be is... With your own thought,s on a silent mountain with the sun on your back, a breeze on your face and peace in your soul......
Anonymous Coward
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Canada
03/21/2011 06:20 PM
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Re: --- BREAKING --- Portugal Govt nears Collapse Amid Massive Debt Crisis
Guess who's gonna pay for it......

canny
 Quoting: °Epic°


Yup....... without saying. germany





GLP