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Portugal Bail Out Imminent According To Axa

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http://www.bloomberg.com/news/2011-03-02/portugal-will-need-eu-bailout-this-month-as-borrowing-costs-rise-axa-says.html

Portugal to Get EU Rescue This Month, Axa Investment Says
By Emma Charlton - Mar 2, 2011 12:02 PM GMT
Portugal will accept a financial bailout “within the next few weeks” as the cost of issuing debt becomes unsustainable, said Axa Investment Managers, which oversees $714 billion in assets.
“The borrowing costs are just too high” for Portugal, Christopher Iggo, London-based chief investment officer for fixed income at Axa, France’s fourth-largest fund manager, said in a telephone interview two days ago. “Ireland and Greece had to go for a bailout once their borrowing costs got that high, so I fully expect Portugal to go within the next few weeks.”

There we were thinking it was contained? :blink:

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http://www.bloomberg...e-axa-says.html

Portugal to Get EU Rescue This Month, Axa Investment Says
By Emma Charlton - Mar 2, 2011 12:02 PM GMT
Portugal will accept a financial bailout "within the next few weeks" as the cost of issuing debt becomes unsustainable, said Axa Investment Managers, which oversees $714 billion in assets.
"The borrowing costs are just too high" for Portugal, Christopher Iggo, London-based chief investment officer for fixed income at Axa, France's fourth-largest fund manager, said in a telephone interview two days ago. "Ireland and Greece had to go for a bailout once their borrowing costs got that high, so I fully expect Portugal to go within the next few weeks."

There we were thinking it was contained? :blink:

RB when will you ever grow up and see the bigger picture?

These "bailouts" are just a way of protecting the interest income for the banksters (of course at the expense of higher taxes and lower public services for the citizens of the country that's being targeted by the banksters). As long as the banksters are in charge and the politicians are in the pockets of the banksters there will be no defaults.

The banksters create the problem (rising interest rates on new governement bond issues) and then offer the solution: more debt = more income for the banksters. It's all a big bankster scam!!

Defaults would actually be a good thing for the people, not a scary thing as you put it!

Iceland has so far been the only country that has refused to be enslaved by the banksters, it would be great if Ireland, Greece, Portugal would do the same.

Edited by wise_eagle

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RB when will you ever grow up and see the bigger picture?

These "bailouts" are just a way of protecting the interest income for the banksters (of course at the expense of higher taxes and lower public services for the citizens of the country that's being targeted by the banksters). As long as the banksters are in charge and the politicians are in the pockets of the banksters there will be no defaults.

The banksters create the problem (rising interest rates on new governement bond issues) and then offer the solution: more debt = more income for the banksters. It's all a big bankster scam!!

Defaults would actually be a good thing for the people, not a scary thing as you put it!

Iceland has so far been the only country that has refused to be enslaved by the banksters, it would be great if Ireland, Greece, Portugal would do the same.

I didn't "put it", Axa did and what do those fools know anyhow. :angry:

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I'm just relieved that after containing and fixing the problem with the Irish bailout we now need another bailout to fix and contain the problem.

If at first you don't succeed bailout, bailout, bailout.

It's hard to believe that fixing a debt crisis with more debt hasn't work. The logic to this plan is flawless and it doesn't appear to be having the desired effect.

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I didn't "put it", Axa did and what do those fools know anyhow. :angry:

I was refering to your ironic "it's all contained" comment.

As long as the banksters are in charge IT IS ALL contained, that's the problem!!

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I'm just relieved that after containing and fixing the problem with the Irish bailout we now need another bailout to fix and contain the problem.

If at first you don't succeed bailout, bailout, bailout.

It's hard to believe that fixing a debt crisis with more debt hasn't work. The logic to this plan is flawless and it doesn't appear to be having the desired effect.

You are falling for it too. The banksters CREATED THE PROBLEM so they COULD OFFER THE SOLUTION!!

We don't need any bailouts, the banksters made us believe we need them!

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You are falling for it too. The banksters CREATED THE PROBLEM so they COULD OFFER THE SOLUTION!!

We don't need any bailouts, the banksters made us believe we need them!

It's the perfect scam, the bankers are simply glorified drug pushers if you ask me.

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It's the perfect scam, the bankers are simply glorified drug pushers if you ask me.

Absolutely. And yes, they did create this crisis knowing they would be bailed out and that the more they owed the safer they were as they are too big to fail.

They have emerged from the crisis they created more powerful than ever and with bonuses to match.

They should be arrested for fraud and serve 20 years minimum. But no government I am aware of would dare to make such a move. DC and the Koalishon the least likely.

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It's the perfect scam, the bankers are simply glorified drug pushers if you ask me.

Worse than drug pushers. Drug pushers haven't rigged the economy so that nobody apart from the extremely wealthy can survive without buying at least some of their product.

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There we were thinking it was contained?

Another one bites the dust. Is it Spain next?

I didn't "put it", Axa did

This is true.

Use quote tags next time RB, makes it easier to separate your comments from the Axa ones.

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You are falling for it too. The banksters CREATED THE PROBLEM so they COULD OFFER THE SOLUTION!!

We don't need any bailouts, the banksters made us believe we need them!

The solution of sovereign default?

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RB when will you ever grow up and see the bigger picture?

These "bailouts" are just a way of protecting the interest income for the banksters (of course at the expense of higher taxes and lower public services for the citizens of the country that's being targeted by the banksters). As long as the banksters are in charge and the politicians are in the pockets of the banksters there will be no defaults.

The banksters create the problem (rising interest rates on new governement bond issues) and then offer the solution: more debt = more income for the banksters. It's all a big bankster scam!!

Defaults would actually be a good thing for the people, not a scary thing as you put it!

Iceland has so far been the only country that has refused to be enslaved by the banksters, it would be great if Ireland, Greece, Portugal would do the same.

In the case of Greece, Ireland and maybe Portugal it is not the bankers forcing more debt on them, it is the EU. What they have been doing is disgraceful, Ireland before and Portugal now are/were saying they did not want an EU bailout and then the EU politicians start making comments like no way can they not take a bailout, discussions are taking place, etc, etc. In effect forcing Ireland and Portugal to go to the EU for a bailout.

Why? the EU wants control. Greece, Portugal, Ireland will never ever in the future be allowed control over their economies because the EU does not trust them to not put the existance of the Euro at question ever again and that means Germany running the economies of these countries.

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In the case of Greece, Ireland and maybe Portugal it is not the bankers forcing more debt on them, it is the EU. What they have been doing is disgraceful, Ireland before and Portugal now are/were saying they did not want an EU bailout and then the EU politicians start making comments like no way can they not take a bailout, discussions are taking place, etc, etc. In effect forcing Ireland and Portugal to go to the EU for a bailout.

Why? the EU wants control. Greece, Portugal, Ireland will never ever in the future be allowed control over their economies because the EU does not trust them to not put the existance of the Euro at question ever again and that means Germany running the economies of these countries.

What you are saying is partly true (but it's more of a side effect rather than the primary reason), but the primary reason is that the EU (just like all western national governments) work for the Banksters!

There is no ifs or buts about it: all western governments are servants of the Banksters.

If you believe anything else then you are suffering from illusions.

Actually to be more precise: the EU and the Euro are a dream of the Banksters come true since it's almost completely out of democratic control (the EU parliament has very few binding powers, mostly consultative).

Edited by wise_eagle

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The solution of sovereign default?

That's the solution that would benefit the population, the so called bailouts (which really are just new loans) are the solution that benefits the banksters.

My point was the national debt is an illusion in the first place, since it's an artifical consequence of the criminal debt based monetary system that the banksters have imposed upon us in the last 100 years or so.

Edited by wise_eagle

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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