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Portugal Junked: 'Bailouts - outrageous anti-taxpayer scam'

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Portugal Junked: 'Bailouts - outrageous anti-taxpayer scam'

Post by christabel on Fri Jul 08, 2011 4:11 am

Portugal Junked: 'Bailouts - outrageous anti-taxpayer scam'


Europe's ongoing struggle to save the Euro has been dealt another blow as Portugal has had its debt downgraded to junk status. Moody's, the credit rating agency behind the move, says a default is likely unless the country is given another bailout. Many analysts have questioned the logic of saddling struggling economies with more debt as speculation grows over whether the EU is ready to come to Portugal's rescue again. And the direction the EU and the IMF are taking in solving this crisis may well lead to severe consequences - that's according to Douglas Carswell, an MP from the British Conservative Party.

00:05:30

Added on 06/07/2011

What most of the Portuguese media does not say, namely that the financial "aid" to Portugal is nothing but a fraud designed to further enrich the governments and banks.

Interview with television channel "RT - Russia Today" on Portugal, the British Deputy Douglas Carswell (British Conservative Party MP):

http://www.youtube.com/watch?v=omb5pMBL6FU&feature=player_embedded
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