Author Topic: Portugal under pressure to seek EU/IMF aid-source  (Read 502 times)

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Offline teamnelson

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Portugal under pressure to seek EU/IMF aid-source
« on: January 09, 2011, 12:15:46 PM »
http://www.reuters.com/article/idUSLDE7080FG20110109

Germany, France and other EU countries are pressuring Portugal to take a bailout from the EU and the International Monetary Fund (UN) to stop its national debt crisis.

Interesting side note, since the formation of the United States some 200 years ago, we've had the same form of government - just one - the whole time. Yet all the European nations have had several - Italy has had 51 different forms of government in that time. And they are held up as the model we should adopt, according to the current administration.

Would not be surprised if our creditor nations aren't already suggesting we, the US, take a bailout from the IMF.
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Offline Pat/Rick

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Re: Portugal under pressure to seek EU/IMF aid-source
« Reply #1 on: January 09, 2011, 12:27:55 PM »
I wonder if the global rush to make everybody equal, ever had a moment to think about how much it would cost?