Guardian: Reports that the bond markets are still uneasy about the debt of Portugal, the markets demanded that Portugal pay 5.2% interest on its yearly bonds. It can be assumed that Portugal will go to the wall in the New Year, then like Greece and Ireland it will have to be bailed out, the big elephant in the room is Spain, will the austerity package of the Spanish Government survive the protests and the political unrest from such protests. If and WHEN Spain goes expect the Euro to follow suite, on to the ash heap of history.
No comments:
Post a Comment