Tuesday, February 14, 2012

Portuguese recession deepens.

Reuters reports the worsening situation in the next country on the Euro Group's hit list of countries for immolation. The bright spot is that interest rates have fallen somewhat, following the ECB's liberal spraying of infinite amounts of practically free money to the EU's rotten banking sector, but that of course will do nothing to ease the real problems, neither by providing growth nor in creating employment.



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