Wednesday, October 13, 2010

Portugal set to join growing list of EU ex-states without stable government.

Euractiv has the report which is linked here. The destructive nature of the EU which advances by eviscerating the institutions of its member states is about to claim another victim, this time in Portugal, a quote from the linked report:

"We have never been as close to a political crisis in terms of having a budget rejected," said Marina Costa Lobo, a political analyst at the University of Lisbon.

Prime Minister José Socrates has said he would resign if the budget is not passed - a step which would almost certainly trigger sharp selling of Portuguese bonds as investors doubt the country's ability to fix its deepening sovereign debt crisis.



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