Saturday, March 26, 2011

Eu's option

The politics about eu returned with vengeance. After the resignation of the Portugal pm failed to get his austerity package through the parlament, the general public is expected to elect a stronger government that can commend Portugal out of the crisis.

A defult is not an option. If it could be wheathered by sitting tight for a couple of months, it won't be wise to default, said a commentator. Portugal will be facing two deadlines - the 4 year and 6 year bonds will come due on april and June.

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