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Euro under siege as now Portugal hits panic button
The Daily Telegraph ^ | November 15, 2010 | Bruno Waterfield and Robert Winnett

Posted on 11/15/2010 5:52:31 PM PST by kingattax

The euro is facing an unprecedented crisis after another country indicated on Monday night that it was at a "high risk" of requiring an international bail-out.

Portugal became the latest European nation to admit it was on the brink of seeking help from Brussels after Ireland confirmed it had begun preliminary talks over its debt problems.

(Excerpt) Read more at montrealgazette.com ...


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: euro; europeanunion; ireland; portugal
let's give the boy genius and the first wookie to europe. they need some serious help and some gardening advice it looks like.
1 posted on 11/15/2010 5:52:32 PM PST by kingattax
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To: kingattax

Germany will kick europe to the curb for self survival..


2 posted on 11/15/2010 5:54:31 PM PST by aces
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To: aces

Can’t blame them. They were fantastically stupid to get into the EU.

They want to share in everyone’s wealth. But they didn’t account for the fact that they’d be sharing in everyone’s poverty and mismanagement, too.


3 posted on 11/15/2010 6:07:21 PM PST by Persevero (Homeschooling for Excellence since 1992)
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To: kingattax

The crack in the world is getting bigger.


4 posted on 11/15/2010 6:28:56 PM PST by UCANSEE2 (Lame and ill-informed post)
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To: kingattax

Once Ireland announced it needed a bailout, the other countries realized that there is a finite amount of bailout money that can be used, before it’s necessary to print money and go into hyperinflation. Whoever gets in line last is screwed.


5 posted on 11/15/2010 6:36:19 PM PST by PapaBear3625 ("It is only when we've lost everything, that we are free to do anything" -- Fight Club)
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To: PapaBear3625

Maybe boy genius, nobama, will petition to join the EU so as to partake of the wealth-spreading? nobama is soooooooooooo intelligent that the rest of us are merely fly maggots in the scheme of things.


6 posted on 11/15/2010 7:11:40 PM PST by hal ogen (1st Amendment or Reeducation Camp?)
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To: Cincinna; AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; ...

Thanks kingattax.
7 posted on 11/15/2010 7:14:06 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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