Portuguese Unemployment Rate hits record as austerity causes Greek-style death spiral

[Troll]

I've heard they were burning down the homes of foreigners who are pushing up house prices and making them unaffordable for the local peasants.

thought that was Wales

[PRC1964]

thought that was Whales

Those Portuguese fishermen will burn anything if you make them really cross.

[sasguru]

Try me great Sifu.

What part of "you're too limited cognitively and also too ignorant to understand" did you not get?
I wouldn't talk about calculus with my two year old - why would I talk economics with you?

[Paddy]

Half the years that Greece has existed it has been in default, its not the same situation as Portugal

[Doggy Styles]

No problem. This will also all blow over in a couple of weeks.

[TimberWolf]

How are our old colonies doing economically? OZ, NZ Canada, etc. I don't suppose they'd like to buy stuff off us and visa versa while Europe does its thing?

[SantaClaus]

How are our old colonies doing economically? OZ, NZ Canada, etc. I don't suppose they'd like to buy stuff off us and visa versa while Europe does its thing?

Yep, but we don't actually make anything!

[AtW]

many holiday properties being ransacked for anything they might have

Phew, sasguru's retirement property near Lake Chicamocomico is safe now! If only his wife Peggy know about his cunning retirement plan ...

[wim121]

When the Germans have forced the Greeks out of the Euro they will start on the Portugse.

Perhaps.

I find it funny that everyone focuses on the Greeks. Everyone seems to have forgotten Portugal, Spain, Ireland and many others.

Italy has to be happy though. The heat is off them as their bonds slowly become unaffordable. Everyone loves jumping on Greece as it takes the heat off themselves ....

[wim121]

No problem. This will also all blow over in a couple of weeks.

I don't understand why Greece didn't sell off some of their northern border to the Germans. They could have made a lot of money without sacrificing the cash cow that is the holiday islands in the med.