(no subject)
http://www.independent.ie/national-news/no-accord-on-debt-as-bailout-looms-for-portugal-2595481.html
Portugal looks to be the next European nation in need of a bailout (after Greece and Ireland) but the powers that be can't seem to get it together to make it happen.
What does it all mean? Well, just a lot of uncertainty for a few more months to be sure. A bailout of up 80 billion if things break Portugal's way. Honestly, I'm a bit envious of the EU here. When things like this happen they can split the bill. Back in the US bailouts come just from our wallets. Of course, if Portugal can't pay they money back then a lot of people get burned with nothing to show for it. But if the world economy picks up I'm inclinded to think the debts will be repaid.