It's everyone's problem:
"Portugal reelects conservative president" by Associated Press / January 24, 2011
LISBON — Portugal elected its conservative president to a second term yesterday, official results showed, delivering a harsh political setback to the minority Socialist government....
The government has enacted deeply unpopular austerity measures amid fears that the financial crisis will spell economic disaster for Portugal....
The emphatic win for Anibal Cavaco Silva is expected to add to political pressure on the embattled center-left government as Prime Minister Jose Socrates scrambles to restore international confidence in Portugal’s economy.
Yes, the BANKERS are ALWAYS the MOST IMPORTANT interest to serve.
Portugal’s political and economic fortunes are important for the rest of Europe because its government’s collapse would add fresh momentum to the continent’s debt crisis.
Many analysts predict Portugal’s economic woes will sooner or later force it to accept a bailout like the ones provided to Greece and Ireland last year....
The government insists it doesn’t need a bailout.
No one needs more bank-induced debt.
Instead, it has cut public sector pay and welfare entitlements and hiked taxes to reduce a huge debt load that threatens the economy.
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