Hi Jeff, yes and no, the government claims further measures have to be taken so avoid defaulting and restoring market's confidence. But he announced them in the UE first.
The problem is that the government isn't supported by an absolute majority in the parliament. So, these measures have to be supported by the opposition too, at least partially.
But the opposition's major party isn't has announced that they aren't willing to negociate and summoned a meeting with the president to tell him that.
Curiously, yesterday there were really good news, as the first two months of the year produced a superavit of €800M.
I can't see this government in the cabinet in the summer, but if you consider my recent prediction power I would say they will stand
Eurozone debt crisis
- CaerMyrddin
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- Joined: Mon Sep 07, 2009 10:47 am
Can't see us avoiding it now, but the common person thinks it's for good, as it should bring discipline and offset the 'boys' who get all the good jobs without a proper reason.
FYI, the image you see on the new you posted is a misconception. The recent protests had nothing to do with the austerity measures, but to a certain bitter feeling younger generations have, as they don't get contracts, even if performing a job that others perform and get a contract for it.
Also, unless I'm deeply wrong, don't look at those pictures as something like happenned in Greece, as we are a non-violent people. FYI we have the oldest stable borders in Europe (1297!!)and we haven't seen war in our land since a long time ago.
Is that making us too soft?
FYI, the image you see on the new you posted is a misconception. The recent protests had nothing to do with the austerity measures, but to a certain bitter feeling younger generations have, as they don't get contracts, even if performing a job that others perform and get a contract for it.
Also, unless I'm deeply wrong, don't look at those pictures as something like happenned in Greece, as we are a non-violent people. FYI we have the oldest stable borders in Europe (1297!!)and we haven't seen war in our land since a long time ago.
Is that making us too soft?
Portugal PM Jose Socrates resigns after budget rejected -
http://www.bbc.co.uk/news/world-europe-12841492
The markets are remarkably calm, considering that this may herald Portugal's departure from the Eurozone, and possibly the subsequent breakup of the Eurozone...
Jeff
http://www.bbc.co.uk/news/world-europe-12841492
The markets are remarkably calm, considering that this may herald Portugal's departure from the Eurozone, and possibly the subsequent breakup of the Eurozone...
Jeff
Irish banks need extra 24bn euros to survive:
http://www.bbc.co.uk/news/uk-northern-ireland-12912358
Jeff
http://www.bbc.co.uk/news/uk-northern-ireland-12912358
Jeff
- CaerMyrddin
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- Joined: Mon Sep 07, 2009 10:47 am
I do wonder if our prime minister is bipolar.
Monday he was on the national tv saying that we wound't have to be bailed out and that it would be horrific. Now it's for the best
I do think it's for the best, we were overspending.
For those like Jeff that would like the Eurozone to collapse it's like seeing their domino fall. If you think that 1/3 of our debt is owned by Spain, well Euro is in trouble, but who knows if it simply didn't start with unrealistic exchange rates and now is just adjusting the hard way.
Monday he was on the national tv saying that we wound't have to be bailed out and that it would be horrific. Now it's for the best
I do think it's for the best, we were overspending.
For those like Jeff that would like the Eurozone to collapse it's like seeing their domino fall. If you think that 1/3 of our debt is owned by Spain, well Euro is in trouble, but who knows if it simply didn't start with unrealistic exchange rates and now is just adjusting the hard way.
Is it just me, or does Euro looks like a house of cards that could collapse at any moment?
Jeff
Jeff
He's obviously taken a leaf out of the book of the Irish politicians!CaerMyrddin wrote: Monday he was on the national tv saying that we wound't have to be bailed out and that it would be horrific. Now it's for the best
I think the Eurozone will collapse at some point, but it's not something I welcome.CaerMyrddin wrote:For those like Jeff that would like the Eurozone to collapse it's like seeing their domino fall. If you think that 1/3 of our debt is owned by Spain, well Euro is in trouble,
The effect on the financial markets could make Lehmann Bros look like a walk in the park...
Jeff
- CaerMyrddin
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- Joined: Mon Sep 07, 2009 10:47 am
Cascais major had this video made to encourage Finland to help Portugal:
http://www.youtube.com/watch?v=A2DEjvmxMrw
I'll do my job by encouraging you to visit Portugal in the summer
http://www.youtube.com/watch?v=A2DEjvmxMrw
I'll do my job by encouraging you to visit Portugal in the summer
You eat every part of a pig?
Jeff
Jeff
CaerMyrddin wrote:Cascais major had this video made to encourage Finland to help Portugal:
http://www.youtube.com/watch?v=A2DEjvmxMrw
I'll do my job by encouraging you to visit Portugal in the summer
- CaerMyrddin
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- Joined: Mon Sep 07, 2009 10:47 am
Personally I don't, but most people do!
If I remember it correctly we are not the only ones doing it, the italians too?
But you can come here, spend your holidays and be rested as you can always order steaks
If I remember it correctly we are not the only ones doing it, the italians too?
But you can come here, spend your holidays and be rested as you can always order steaks
Interesting developments in Greece: http://www.telegraph.co.uk/finance/econ ... emate.html
You have to wonder whether the Greeks are simply playing hard ball, or if they really might be about to say to the EU: 'No more austerity measures - to hell with the consequences, we've had enough!'...
Jeff
You have to wonder whether the Greeks are simply playing hard ball, or if they really might be about to say to the EU: 'No more austerity measures - to hell with the consequences, we've had enough!'...
Jeff
Looks like the discussion is deepening on how to handle a default rather than debating if there will be one.
http://www.telegraph.co.uk/finance/econ ... ubini.html
http://www.telegraph.co.uk/finance/econ ... ubini.html