Arriving on time, the collapse of the Portuguese economy. This financial meltdown is a domino effect in slow motion. Who will be next? The way Spain is advising us of it's new found prudence makes it a favourite to be in the frame.
Why is it that many of us without any experience in international economics, but with an abundance of commonsense, could have told the bunch of finance ministers, currently on one of their regular jollies, endeavouring to patch up the 'toy town' currency, the Euro, what would happen. They will, as ever, inform us that they have resolved the problem, underwriting the Portuguese economy with more borrowed money. Keynes has never been so popular.
The major concern here has to be the knock-on effect of trading with nations who have little or no credit guarantees. This can only slow our growth in the immediate future.
WAKE UP GERMANY, THE CLOCK IS TICKING.
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