Eurodebt Threatens Portugal – Inflation Threatens Your Pocket

No good news this wee. Then to cap it all today we hear the latest on inflation. Oh well tht’s goodbye o our savings, pensions and lifestyles.

Meanwhile Portugal looks set to become latest eurozone member to be threatened by speculative attacks in the bond markets as borrowing costs soar

The European Central Bank (E.C.B.) has stepped in to the financial markets to buy Portuguese bonds on Thursday amid growing fears that the eurozone’s rolling crisis is about to claim its third victim.

Policymakers in Frankfurt intervened for the first time in three weeks as borrowing costs on Portugal’s debt remained at a level that proved to be unsustainable for both Greece and Ireland.

Left Bloc, one of the smaller parties in Portugal’s parliament, said on Thursday it would table a motion of no confidence in the minority socialist government.

There is a pattern emerging here. Oo – er we have a coalition government with a minority party whose members are not happy.

Roll on The New World Order.

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