Portugal’s debt downgraded, joining Spain and Greece. Next, Italy? Eastern Europe? The entire EU? Hang onto your food stamps.
Filed under Uncategorized
Tagged as Economic collapse
Cant they just print currency to pay debt like the US does?
No they cant …Portugal uses the euro … so they cant manage their own fiscal policy… which has also become an issue in several other euro based countries, Italy as an example..
Catch-22….sorta like a loss of sovereinty no?………but then again, actually forced to be fiscal-y responsible? Never happen here………unless switch’d to the Amero or the Obama Buck……..
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