Europe debt crisis spreads to Portugal

Europe debt crisis spreads to Portugal

news.yahoo.com

ATHENS – Greece was pushed to the brink of a financial abyss and started dragging another eurozone country — Portugal — down with it Tuesday, fueling fears of a continent-wide debt meltdown.

Stocks around the world tanked when ratings agency Standard & Poor's downgraded Greek bonds to junk status and downgraded Portugese bonds two notches, showing investors that Greece's financial contagion is spreading.

(visit the link for the full news article)

Well Here we go again...

I predict more countries to fall unless someone begins to underwrite bonds for the governments of the world. If people know how to do that.

There is going to be more fluctuation in the "Markets" tomorrow and some panic across sea's.

Anyone care to speculate on the matter?


The above was just my honest opinion.


Edited to add: If this has already been posted feel free to delete.

news.yahoo.com
(visit the link for the full news article)

[edit on 28-4-2010 by Quickfix]

reply to post by Quickfix


So you know how our banks bet against Greece, they are now betting against US, so I would say California and then the rest of the states go next, maybe an Ireland or Japan in between.....

www.huffingtonpost.com...

reply to post by coolhanddan


There is a package that was created to help everyone in the world. It was a 3 Trillion Bailout package. I have an article I am searching for to post, anyways the gov., took the 3T in good faith and borrowed 8T more creating 11T total.

The other countries may predict what is going to happen in America, without the bailout package there would be no system to complain about. We would currently be at Civil war with our own government and cannibalism would be a growing trend.

I'm looking for a few articles, I save them when I find them, There is just alot of them

[edit on 28-4-2010 by Quickfix]

The foreign exchange market targets only one country/region at a time, first it was the US, then the Euro, now it will be the UK. Then maybe it will be Portugal (euro again).

Think how many times you've heard greece, greece, greece.
Doomsday, sell, sell, sell. While everyone in the know is picking up euro at fantastically low levels. They're buying while everyone else is panicking.

Remember Greece only accounts for about 2.5% of the euro.

For people 'in the know' this is an easy, easy one way bet. You just have to know when the tide is turning. And they do.

[edit on 28-4-2010 by ppk55]

America is being kept afloat just to keep the military campaigns going and they do not want to have to come home.

The housing market in Eastern Europe was funded by a lot of Western European banks in EUs. That bubble is bursting. There are more then 2 EU countries who have fallen for American Financial scams. You can only keep them hidden for so long.

reply to post by Doctor G


E Plurubus Enum, out of one comes many, meaning one financial system in many countries.

It spreads like cancer and destroys countries. Iran is being built up for Democracy which in turn adopts a similar currency structure.

I am reminded of Jubilee when all debts must be paid and the debt ledger erased. So much for religion...

Thanks for your contribution.

reply to post by Quickfix


Here's what I wrote yesterday on a related Greece Crisis thread:

Not that the US is in that much better position but Europe is definitely in a short term crisis with the Greek downgrade today!
The Greek downgrade will lead to more downgrades for Greece and other PIIGS/ Club Med countries (Portugal, Spain Italy, Ireland, Greece). The EU is definitely challenged, Germany and France seem to be the dominate countries, many EU countries and potential members are very discontent with EU goals, especially the northern and eastern members.
The eastern countries have little confidence that the EU will defend against the current Russian aggression/ expansion.
But currently the status of Greece and the other Club Meds is more or less on hold dependent on the Greek response to this economic crisis. Will Greece be able to make the necessary cost saving measures to save itself? Critical point will be the end of 2010.

Now that things are heating up, Germany will probably step up and provide financial backup for Greece and possible others. Several things are on the block, EU stability, the Euro and world economic stability.

German MP claims Greece needs E 120 Bn!

This article proves that Germany is currently planning action!



[edit on 28/4/10 by plumranch]

reply to post by coolhanddan


Has this all been pre-engineered to make way for the “Amero” ?If this is the case what will the exchange rate be?
I guessed sterling was going to go down the toilet when a multitude of “Get Cash For Gold” adverts suddenly appeared on every tv channel. Has the same thing happened in the US ?
It would be interesting to find out who the directors and owners of these give us your gold companies are. The worrying thing is that these companies will have the gold and the people will be wads of wothless paper a bit like in the third world where colonists had the land and the native peoples ended up with the bible. In China the people ended up with massive opium addiction

Say goodbye to the EU it is toast. The sheep just dont know it yet. They wanted a grand progressive takeover. The only problem is their way of thinking is a failure and it has been for over 100 years now.



Rich countries will have to bail out the poor one's. Hmm I wonder what this will lead to. If they try and keep it together we will see another large war in Europe in the next 5 years. Mark my words.



This is the true face of the progressives/socialist. Take a good hard look America they are trying to bring this to a store near you soon.

reply to post by ppk55

In UK we have had a multitude of ” Get Cash For Gold” adverts suddenly appear on all tv channels so somebody knew this was coming. Has this happened across Europe ? It would be interesting to find out who are the directors and owners are.

Im Portuguese. So i hate to say this. Iv lived most of my life in Portugal. So I am not surprised this is happening. I have been waiting for the day this would happen. Iv seen so much wasted money on stupid thing. I hope this is a lesson learned for other countries that is about to happen the same. But i doubt it.

Originally posted by IMOVERHERE
reply to post by ppk55

 

In UK we have had a multitude of ” Get Cash For Gold” adverts suddenly appear on all tv channels so somebody knew this was coming. Has this happened across Europe ? It would be interesting to find out who are the directors and owners are.

Good eye you are a smart poster. We also have them in America and still do. This is all part of a grand plan and this time they have gone global. They will fail because in the end people are not progressive in their own homes the are conservative for the most part.

reply to post by Quickfix


There appears to be action on the debt crisis:

Germany, etc. call for immediate action!

The IMF, the European Union and the European Central Bank (ECB) officials were negotiating a three-year fiscal authority plan with Greece, which was a premise for Germany on releasing emergency loans to the debt-stricken country.

Help is on the way!

reply to post by plumranch



And we wonder how wars start. This is not a good thing this is a bad thing. They are trying to enslave them using the very problem they created.

More of the same cause a problem and then be the knight in shinning armour saving the day. While nobody sees what is truly going on . This world is literally filled with stupid sheep.

[edit on 29-4-2010 by Subjective Truth]