Portugal To Become The EU Bottomless Pit?
Pure FX
15.04.2011
The outlook for the trio of indebted PIG countries blackened in the last 24 hours as each one suffered bad news.
Regarding Portugal the Head of business climate group IFO Hans-Werner Sinn said in an interview that the nation could become a bottomless pit as billions of euros are sucked in to repair its finances. Sinn told the Wall Street Journal that he doesn’t expect the Germans to ever again see their contributions.
Greece meanwhile faces a large chance of defaulting on its debt according to new data from Markit.
More...
Pure FX
15.04.2011
The outlook for the trio of indebted PIG countries blackened in the last 24 hours as each one suffered bad news.
Regarding Portugal the Head of business climate group IFO Hans-Werner Sinn said in an interview that the nation could become a bottomless pit as billions of euros are sucked in to repair its finances. Sinn told the Wall Street Journal that he doesn’t expect the Germans to ever again see their contributions.
Greece meanwhile faces a large chance of defaulting on its debt according to new data from Markit.
More...
