Showing posts with label Portugal. Show all posts
Showing posts with label Portugal. Show all posts

Sunday, November 11, 2012

From Around The Web

Thousands of Portuguese soldiers protest budget cuts. This individual event may be nothing but broadly speaking large scale military protests are indicative of serious instability. Often this sort of thing is followed by the executive branch trying to fire/ arrest a couple of key Generals next week followed by a bloodless coup that puts in a "transitional council" of key military leaders that may or may not go away.

Syria fires at Israel who returns a warning shot. Those two countries haven't exchanged fire since 1973. This is obviously not good.

On a lighter note
Meth has been proven to help fight the flu. Talk about the cure being worse than the disease.

Thursday, March 25, 2010

Only as Strong as the Weakest Links

Portugals debt rating is downgraded to AA. The Euro is going down in value. Today it was at a 10 month low. Some sort of a vague potential last resort bail out for Greece is in the works. All of their cost cutting measures are not really equaling out the current higher costs of the borrowing necessary to feed their economy. Very interesting times.
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