Portuguese Unemployment Rate hits record as austerity causes Greek-style death spiral

[sasguru]

The Associated Press: Bailed-out Portugal's jobless rate hits new record

When will the Germans learn?

[TimberWolf]

None of us are out of the woods yet.

[sasguru]

None of us are out of the woods yet.

The UK is pursuing the right policy - thanks to not being in the Euro.

[AtW]

The UK is pursuing the right policy - thanks to not being in the Euro.

And what policy is that?

[TimberWolf]

And what policy is that?

Printing funny money, it's the economics version of a free lunch

[sasguru]

And what policy is that?

I could tell you but you're too limited cognitively and also too ignorant to understand.
HTH

[AtW]

I could tell you but you're too limited cognitively and also too ignorant to understand.

Try me great Sifu.

[BrilloPad]

When the Germans have forced the Greeks out of the Euro they will start on the Portugse.

[PRC1964]

I'd be worried if I had a holiday property in Portugal. Particularly in the Douro region. The job losses there are devastating and I've heard of many holiday properties being ransacked for anything they might have, or even being squatted in.

Still, only a cretin would have bought in Portugal just before the place goes tits up.

[TimberWolf]

I'd be worried if I had a holiday property in Portugal. Particularly in the Douro region. The job losses there are devastating and I've heard of many holiday properties being ransacked for anything they might have, or even being squatted in.

Still, only a cretin would have bought in Portugal just before the place goes tits up.

I've heard they were burning down the homes of foreigners who are pushing up house prices and making them unaffordable for the local peasants.