The euro crisis is not over, Portuguese edition

Remember how French President Hollande was saying a month ago that the euro crisis is over? Well, he was wrong. Today Portugal's yields on 10-year paper vaulted to as high as 7.9% before settling back down again. Just two months ago, yields were at 5.23% and Portugal was going to market with a 10-year bond offering.
The Socialist opposition leader is saying that the country needs to abandon austerity as unemployment, business bankruptcies and non-performing loans skyrocket. Meanwhile the govern...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More