Sunday, May 18, 2014

Another Round of Austerity Fail

[Portugal] will become the second [...] country to leave the [euorozone] bailout after Ireland. Portugal underwent three years of painful austerity, in order to receive a 78-billion euro loan (106 billion US dollars), to help a nation that was on the verge of bankruptcy.

[...]

“There is a great need in Brussels and Berlin and other capitals to present Portugal and Ireland as success stories. They will claim that their reforms in Portugal have been a success- well, they haven’t, they have destroyed the society and economy,” Rui Tavares, an independent Portuguese MEP told RT in April.

  RT
...but hey, do what you want...you will anyway.

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