Pimco’s El-Erian: Portugal Risks Are Rising Fast

| March 18, 2012

Just a friendly reminder…Greece continued to say everything was fine, they said it over and over… until one day not so long later, they admited that it wasn’t.  The next thing you know Greek riots break out because Greece is forced to go on a hard austerity plan. Now we see Portugal in the same sinking boat. We’ve been warned. The head and co founder […]

Portugal Back On The Hot Seat…..Or Grill Shall We Say!

| October 27, 2010

The BBC reports:  “the minority government of Portugal has failed to gain opposition support for its proposed austerity budget. A failure to pass the budget could plunge the country back into the debt crisis it had seemingly escaped since the summer.” And this: “Prime Minister Jose Socrates threatened to quit if the budget fails, while the […]

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