Thursday 7 January 2010

The alarm is ringing!

If there is a confirmation of initial estimations, Portugal's consolidated public debt is already at 100% of national GDP - and can surmount to 120% in 2013 (just 4 years from now).


This is just another figure to sound a strong and persistent alarm at Portugal's financial and economic conditions. We need to act now to avert a even deeper and more dangerous situation - and that might be called a State bankruptcy.


http://economia.publico.clix.pt/noticia.aspx?id=1416579

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