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..There's a little Samuel Pepys in all of us..

Friday, April 08, 2011

The Eurozone is scratching their collective heads, as it's pondered what can be done for Portugal..?
IMF funds seem, for the most part, are being contributed by economies that themselves cannot afford to lend.. Germany in particular, Britain for another..
Yet, to maintain what's becoming a very fragile hegemony, it's expected some 70 billion Euro's will be handed to Portugal, after the next elections in June.
Greece has already defaulted on it's loan.. Ireland has a 0% projected increase in GDP, and is suffering with interest payments, and national unemployment...
Is the IMF simply throwing good money after bad in it's Portugal injection... should this tenuous coalition under the single currency be allowed to fall..?
It's under consideration..

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