Isn’t this the 2nd country this happened to? What country was it yesterday or the day before? Belgium.
Agh, I can’t remember.
This sucks!
Germany hasn’t been able to get enough bidders on its most recent offerings (although its centrla bank has eaten up excess offerings quickly). Spain & now Portugal are now downgraded. Ireland is threatening to leave the Euro.
UK is on the brink of its first default since the middle ages and the pound sterling & Yen have been doing an interesting dance lately.
Buckle in tight, we’re in for an interesting first quarter rollercoaster ride.
It’s OK Portugal, you are still WAY more credit-worthy than California.