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campervanman

Portugal To Exit Bailout

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Portugal follows Ireland in exiting from it's bailout and sets path to sustainable recovery. It seems clear that the Eurozone countries are restructuring their economies away from the Ponzi models that got them into trouble. Of course being out of the Eurozone the UK is free to opt for more Ponzi. Save the pound.

Portugal to exit 78bn bailout

http://www.cnbc.com/id/101630209

Portugal comfortably meets budget deficit target for 2013

http://elpais.com/elpais/2014/01/23/inenglish/1390502300_141426.html

Edited by campervanman

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But its people are mired in EU-enforced poverty.

nah, the poverty was imposed on the people, by their elected politicians seeking re-election.

They are supposedly meeting deficit targets....that means they are STILL overspending.

Nothing has been fixed.

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nah, the poverty was imposed on the people, by their elected politicians seeking re-election.

They are supposedly meeting deficit targets....that means they are STILL overspending.

Nothing has been fixed.

Portugal's deficit was 5% in 2013 down from over 6% in 2012. Remind me what was the UK's in those years?

As for poverty, well yes the Portuguese have had a rough time but unlike the UK their austerity will have been for a sustainable future.

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