Monday, November 15, 2010

Euro CRISIS: Portugal threatens to abandon the euro

From Mish's Global Economic Trend Analysis:

The simmering stew in the Eurozone takes another turn for the worse as Portugal discusses a scenario in which it will abandon the Euro. The Wall Street Journal reports Portugal Foreign Minister Warns of Euro Exit...

A Portuguese government minister openly speculated over the weekend that his country's economic frailties could lead to its expulsion from the Eurozone, underscoring the growing fear in Europe that the continent's debt woes may force leaders to restructure the currency bloc.

In an interview with the Portuguese weekly Expresso published Saturday, Foreign Affairs Minister Luis Amado said Portugal faces "a scenario of exit from the Eurozone" if it fails...

Read full article...

More on the crisis:

Return of the euro crisis: Irish yields are exploding higher

The Greek bond selloff could mean trouble for U.S. stocks

You can profit from the euro collapse without touching the dollar


View the original article here

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