[quote]PORTUGAL’S FINANCE MINISTER has admitted that his country will require emergency financial aid, after a bond auction this morning saw the interest rates demanded of his government rise significantly.[/quote][quote]The country was forced into offering an interest rate of 5.9 per cent on 12-month bills auctioned this morning, while bills maturing in six months commanded an astonishing yield of 5.11 per cent. By comparison, an auction of identical bills last month resulted in interest rates of 4.3 and 3 per cent respectively.[/quote][URL="http://www.thejournal.ie/portuguese-finance-minister-admits-were-going-to-need-a-bailout-116894-May2011"]Source[/URL]
It was sad to watch the exact same thing that happened to Ireland and Greece (rumours, creeping bond yields, etc.) happening to another EU country over the last few weeks and months. Let's hope the bailout helps to plug their problems.
I can't take it seriosly anymore. Not saying we shouldn't help them. But soon it's every country that gets a bailout. I expect the euro zone to collapse soon if we continue with this sadly.
Portugal really ought to consider having a garage sale, or even offering to mow lawns and wash cars on weekends.
"I'll walk your dog for $114 billion."
I think it's about time American banks pay for the EU bailouts. Thanks, fuckers!
My country keeps getting shittier.
I guess that's why they're called Poor-tugal :smug:
[QUOTE=ken188;29023414]I guess that's why they're called Poor-tugal :smug:[/QUOTE]
Things haven't really been good for them in the past 450ish years. In the century before that they did brilliantly but after that the history of Portugal seems to be it being the puppet of various nations.
Ireland was bailed out too, but to make it more less humiliating, I look at it as more of a loan :unsmith:
whenever I see a thread like this I always brace for uneducated right wing americans bombing in
Well, fuck...
[editline]6th April 2011[/editline]
[QUOTE=Second-gear-of-mgear;29024103]Gibe moneys pls.
Except it's not BR? BR? anymore, It's PG? PG?[/QUOTE]
We don't do that over here.
Portugal, Ireland and Greece, the black ghetto of Europe.
fucking piece of shit government fuck you fucking white collar bullshit asslicking dick sucking faggots
Sorry
[QUOTE=Cloak Raider;29024287]whenever I see a thread like this I always brace for uneducated right wing americans bombing in[/QUOTE]
we shouldnt give aid to Portugal because they didnt help us in WWII :bahgawd:
[QUOTE=Cloak Raider;29024287]whenever I see a thread like this I always brace for uneducated right wing americans bombing in[/QUOTE]
Whenever you post, I brace for more arrogant British bullshit. Shut the fuck up.
Yeah we have a lot of right wing idiots, but it sure as hell is better than living in a nation filled with arrogant assholes.
[QUOTE=GunFox;29024795]Whenever you post, I brace for more arrogant British bullshit. Shut the fuck up.
Yeah we have a lot of right wing idiots, but it sure as hell is better than living in a nation filled with arrogant assholes.[/QUOTE]
"I am mad at you for generalizing Americans so I generalize British."
[QUOTE=Hotespresso;29024960]"I am mad at you for generalizing Americans so I generalize British."[/QUOTE]
Exactly. If he wants to generalize my country, I'll do exactly the same to his. Childish, but nothing else ever seems to get the point across.
According to the [url=http://www.usdebtclock.org/world-debt-clock.html]World Debt Clock[/url], Portugal's debt makes up 242% of it's GDP. A bailout won't do jack shit to help them until they curtail their spending.
[QUOTE=Cloak Raider;29024287]whenever I see a thread like this I always brace for uneducated right wing americans bombing in[/QUOTE]
whenever I see a thread like this I always brace for pertinences assholes who hate 50% of of politics for no reason
[QUOTE=Ridge;29025104]According to the [url=http://www.usdebtclock.org/world-debt-clock.html]World Debt Clock[/url], Portugal's debt makes up 242% of it's GDP. A bailout won't do jack shit to help them until they curtail their spending.[/QUOTE]
Wow. According to that, Ireland's debt makes up 1124% of our GDP.
I presume that is because the government effectively owns all of the main banks due to numerous cash injections. Damn banks :arghfist:
Hopefully Portugal will be able to deal with it's debt once it gets cash from the bailout (in the medium to long term).
Where the hell did the bailout money come from is everyone is in debt?
[QUOTE=Caesar;29025269]Wow. According to that, Ireland's debt makes up 1124% of our GDP.
I presume that is because the government effectively owns all of the main banks due to numerous cash injections. Damn banks :arghfist:
Hopefully Portugal will be able to deal with it's debt once it gets cash from the bailout (in the medium to long term).[/QUOTE]
I guess all the money Ireland makes exporting......Guiness doesn't cover all it's expenses.
neither does potatoes and all that, we've heard all the jokes a million times.
[QUOTE=Ridge;29025340]I guess all the money Ireland makes exporting......Guiness doesn't cover all it's expenses.[/QUOTE]
That's because Guinness tastes like shit.
I wonder where all this money goes.
[QUOTE=Wizard of Ass;29025518]I wonder where all this money goes.[/QUOTE]
Silly paper mache hats.
[QUOTE=ThatHippyMan;29025713]Silly paper mache hats.[/QUOTE]
made of money
This sucks for my family because half-to-most of the people from my dad's side of the family live in Portugal. I just hope they'll be okay there. :smith:
Yes, and the ones that you've stole and destroyed are so much bigger than you now.
Brazil says "Olá". :D
someone explain to me why the EU has to bail them? can't the EU like, kick them out of the EU? portugal is a burden on the EU
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