Post by Deleted on Mar 23, 2011 16:49:49 GMT -5
BBC News - Portugal PM Jose Socrates resigns after budget rejected
The Portuguese government resigned almost an hour ago after their austerity measurements were blocked in parliament, with no viable alternative proposed instead.
This is a serious problem because political instability is not welcome in a situation of economical instability, with the rating agencies on top of us.
Yet, many argue, and with reason, that the austerity measurements were not viable either, as they would bring even more job precocity and difficulties to the Portuguese people. Nonetheless, some consider reckless that the measurements are simply blocked without any viable alternative being chosen.
I simply showed you the facts, now discuss.
The Portuguese government resigned almost an hour ago after their austerity measurements were blocked in parliament, with no viable alternative proposed instead.
This is a serious problem because political instability is not welcome in a situation of economical instability, with the rating agencies on top of us.
Yet, many argue, and with reason, that the austerity measurements were not viable either, as they would bring even more job precocity and difficulties to the Portuguese people. Nonetheless, some consider reckless that the measurements are simply blocked without any viable alternative being chosen.
I simply showed you the facts, now discuss.
