posted on Apr, 5 2011 @ 02:27 AM
Well we all know that oil price is directly connected to world economy, it effects foodprice, and just about everything becouse you need oil to
shipping/ gasoline, warming etc.
Everytime oil goes high there has become marketdepression.
And now investors dont trust that portugal can survive handiling their debt.
So intrestrates get higher. They need money to pay their investers.
They can go bankrupt, or other Eurocountries can bail them out by loaning more money to them.
And if you look at Greece and Ireland Bond (they have allready been bailed out) that makes no good to them.
Intrestrates just keep high.
Eurozone is about to break apart. Germany cant keep bailing out every country.