BBC News: Reports that the EU/IMF has given Portugal a sixty eight billion pounds bailout. Folks, Greece has its hand out again, who wants to bet that Portugal will want another bailout after the 1st bailout. The EU/IMF are living in a dream world of the elite, the Western economic system is broke is both ways, the Sovereign Debts of the PIGS will take EU down, and there is no trust that the banks are still not hiding their debts. Think of the public sector jobs and institutions that could protected and flushed with more cash if the PIGS had no more bailouts. The arrogance of the political elite is taking the Europe over a cliff, one has to assume that the leaders will only wake up when they hit rock bottom.
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