Thursday, May 13, 2010

Now Portugal, who’s next?

Play/Pause VideoPortugal steps up budget gap austerity measures

On the streets of Lisbon, one woman seemed resigned as she said: “What can we do about these taxes? If it’s to save the country, I agree with them.”

Posted by happy mondays @ 07:54 PM (977 views)
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One thought on “Now Portugal, who’s next?

  • I think the Eurozone needs a common tax/fiscal policy – else it lends itself to becoming unravelled.

    Looking closer to home – all these austerity measures won’t help the UK to sell their wares in the EU. I sense a few difficult years ahead.

    As for house prices, I can’t see any reason for them to go up (except for Central London and 2nd homesbought by foreign bankers and Russian mafia). Most likely they will drift down in the short term.

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