Europe's Debt Crisis Continues - Portugal asks EU for Bailout

[Meatpie]

Portugal is in dire straits, the country is virtually bankrupt and has asked the EU for bailout.

http://news.smh.com.au/breaking-news-world/portugal-finally-asks-eu-for-bailout-20110407-1d4pi.html

Too many countries in the EU are now on life support and instead of improving recession continues.

Greece was the first to be "rescued" but it's economy continues to shrink rapidly despite financial aid from other EU states.

 

[tirex]

...and if that wasn't enough, Italy is on now the brink of bankruptcy. Forget Greece and Portugal. The giant Italian economy is about to fall with huge shockwaves.
http://www.reuters.com/article/2011/08/07/us-crisis-germany-idUSTRE77604K20110807

 

[Meatpie]

Thanks for posting that link, Reuters always have a good coverage on economic issues.

 

[tirex]

no problem!

 

[Mag-got cock]

Is so a ENORMOUS deal ... I don't really know what's the (real, underwater) matter in Greece and Portugal but in Italy .. the only problem that we have is the govern ... our politicians are overpaid, incompetent and the're a lot of mafia's stuffs also in the parliament ... than Berlusconi and his fucking pinups don't help for sure .. -.-"" ... I wanna go to Germany after the University !!!