Thursday 24 March 2011

Rejection & Resignation for Portugal

Interesting story that just happened yesterday. Portugal's prime minister resigned after his proposed austerity measures were voted down by the parliament. Now it looks even more bleak for Portugal and more likely that they will be forced to ask the EU and IMF for help.

Portugals Prime Minister Socrates
Source: bbc.co.uk

More about this story can be read on BBC News homepage.

I will be for sure very interested to see the outcome and if Spain is next in line begging for a bailout.

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