Tuesday, February 22, 2011

Jim Nabors Album Blog

The vultures may well over Portugal turning in circles ...


Finance ministers from the G20 countries met this weekend in Paris to agree on criteria to continue the imbalance between the economic zones, and especially the EU, USA and China can be reduced.

the margins of this meeting was between EU finance ministers discussed yet again, as soon as possible whether Portugal should slip below the €-rescue, which was founded recently.
do especially Germany and France, Portugal urging such a step, although the German Finance Minister Wolfgang Schäuble and his French counterpart Christine Lagarde denying vehemently want to apply pressure.
Although the record does not financially ailing Portugal soon more loans in the capital market, the fear of Germany and France, but from a compulsion or even a patronizing Portugal can be no question.

It's an alarm signal that Portugal had to offer just two weeks ago on the sale of government bonds 3.69% interest on a six-month period, while on the same day Germany, a bond with a maturity of ten years for 2.87% of the market brought.
You want Portugal to force anything, but they wanted to Portugal, said Schäuble literally, "very good rates and help more to avoid economic damage. "
want to basically prevent Schäuble and Lagarde only that the financial crisis to other countries such as Spain or Belgium, is spreading.

But both countries also know that it was not so easy with Portugal had to be like Greece and Ireland, which under pressure from other EU member countries and the European Central Bank, the aid flows eventually agree.
Vice President of the European Central Bank is a Portuguese, as well as the European Commission President Jose Manuel Barroso.
And the population in Portugal is opposed to the idea anyway of support payments of €-emergency parachute, because she knows that the savings requirements which they would then expect, would be more painful than the one they now have to bear it by the Portuguese government.

The vultures may well turn over Portugal in circles.
It will fall to him but hard to find here a soft nest.

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