Comments on: Moody’s Portugal warning is too soft http://blogs.reuters.com/breakingviews/2010/12/21/moodys-portugal-warning-is-too-soft/ Wed, 22 May 2013 21:12:54 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: ogobeone http://blogs.reuters.com/breakingviews/2010/12/21/moodys-portugal-warning-is-too-soft/comment-page-1/#comment-5769 ogobeone Sun, 09 Jan 2011 01:37:18 +0000 http://blogs.reuters.com/columns/?p=4917#comment-5769 If you want to see a visual effect of Portugal's disarray, take a look at Google's Street View. Portugal's people seem to take pride in unsightly graffiti. Especially Lisbon. It's a long road from dictatorship. If you want to see a visual effect of Portugal’s disarray, take a look at Google’s Street View. Portugal’s people seem to take pride in unsightly graffiti. Especially Lisbon. It’s a long road from dictatorship.

]]> By: sunny171258 http://blogs.reuters.com/breakingviews/2010/12/21/moodys-portugal-warning-is-too-soft/comment-page-1/#comment-5766 sunny171258 Sat, 08 Jan 2011 16:55:40 +0000 http://blogs.reuters.com/columns/?p=4917#comment-5766 The dominoes are beginning to fall Spain next followed by Italy. Its inevitable that the Euro in its current form cannot continue. Germany will exit the Euro and the EU. The EU without Germany,s funding will have to thoroughly reform which will mean cutting that horrendous bureaucracy and finally abandoning the CAP. The PIGS will then be allowed to devalue which is the only way they will sort themselves out of this mess. Then hopefully governments worldwide will behave with financial prudence. The dominoes are beginning to fall Spain next followed by Italy. Its inevitable that the Euro in its current form cannot continue. Germany will exit the Euro and the EU. The EU without Germany,s funding will have to thoroughly reform which will mean cutting that horrendous bureaucracy and finally abandoning the CAP. The PIGS will then be allowed to devalue which is the only way they will sort themselves out of this mess. Then hopefully governments worldwide will behave with financial prudence.

]]> By: Antonio78 http://blogs.reuters.com/breakingviews/2010/12/21/moodys-portugal-warning-is-too-soft/comment-page-1/#comment-5466 Antonio78 Tue, 21 Dec 2010 22:24:12 +0000 http://blogs.reuters.com/columns/?p=4917#comment-5466 It's amazing how someone in the UK, whose debt has actually increased A LOT this year has recent numbers have revealed has the courage to talk about the Portuguese situation like this. Portugal is actually succeeding in reducing its deficit, which will be lower than Britain this year (it was already lower than Britain's last year). And the banking system of Portugal is only shut down from the markets because of recent rating's agencies downgrades, so they created a vicious circle, they downgrded the banks, making it hard for them to tap the markets, and then accuse them of not tapping the markets and hence being to dependent on central bank financing! A job well done to reduce the Portuguese economy to nothing, and if there was any justice in this world, countries like the UK, France, the US would never have a triple-A rating, I understand the prudence of the agencies, but attacking the weaklings of Europe will lead to nothing - they are always late in predicting whatever comes anyway - and their decisions affect the lives of millions of people around the world, it happened in the US with the subprime crisis, in Argentina, etc. etc. etc. who are these people? It’s amazing how someone in the UK, whose debt has actually increased A LOT this year has recent numbers have revealed has the courage to talk about the Portuguese situation like this. Portugal is actually succeeding in reducing its deficit, which will be lower than Britain this year (it was already lower than Britain’s last year).

And the banking system of Portugal is only shut down from the markets because of recent rating’s agencies downgrades, so they created a vicious circle, they downgrded the banks, making it hard for them to tap the markets, and then accuse them of not tapping the markets and hence being to dependent on central bank financing! A job well done to reduce the Portuguese economy to nothing, and if there was any justice in this world, countries like the UK, France, the US would never have a triple-A rating, I understand the prudence of the agencies, but attacking the weaklings of Europe will lead to nothing – they are always late in predicting whatever comes anyway – and their decisions affect the lives of millions of people around the world, it happened in the US with the subprime crisis, in Argentina, etc. etc. etc. who are these people?

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