The Talking Clock is an opinion based, independently authored, small 'c' conservative, libertarian blog.
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Monday, 10 January 2011
Get ready: Portugal is the next EU domino to fall - reports
The Daily Telegraph reports that Portugal will be forced to accept a bailout of some 80 billion euros.
Portugal say they don't want it, don't need it.
Which, if Ireland is a template, it means Portugal will probably be 'bailed out' by... around about Thursday?
Of course, the British taxpayer is in line to have to cough up.
We're almost bankrupt ourselves, but we have to keep finding billions to bailout the busted flush economies of euroland.
First Greece, then Ireland, and Portugal coming soon.
Spain by April, anyone? The brown stuff really will hit the fan then.
Let's see what the Daily Telegraph say...
"International investors are concerned about Portugal's debts and the EU is worried that the crisis may soon spread to Spain."
Worried about, or are planning to make sure it does?
Bye bye, Portugal. Say 'hasta luego!' to national sovereignty, Spain.
Like dominoes, they're all going down - to be governed by Frankfurt and Brussels with huge chunks sold off at rock bottom prices to global corporatists... once they've sucked up a few more billion of British taxpayer money in compulsory 'bail out' measures.
See also:
Douglas Carswell - Another week in euroland
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