tag:blogger.com,1999:blog-3120478448417742445.post925434364550653869..comments2024-03-24T06:35:14.281+00:00Comments on The Portuguese Economy: The Importance of Being EuroEditorhttp://www.blogger.com/profile/16779405217168307855noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3120478448417742445.post-78471164213151585412011-07-12T04:37:12.257+01:002011-07-12T04:37:12.257+01:00Spain is TBTF, so it must be rescued at all costs ...Spain is TBTF, so it must be rescued at all costs with every last dime - real or printed. Failure to do so assures a full Euro currency collapse.<br /><br />Italy? "Foggeta 'bout it!", Italy is TBTB (Too big to Bail). Tell me, whom exactly can afford to bail out Italy? Italy's failure to pay its debts to France, would <a href="http://www.taipanpublishinggroup.com/images/web/taipandaily/euro-debt-map-2.jpg" rel="nofollow">imediately take France out with a TKO</a>; the Euro would be game over in matter of days.<br /><br />The polical importance of having a united Euro-zone is indeed highly (!) significant; two world wars should be enough to remind anybody.Luishttps://www.blogger.com/profile/08043107694256546693noreply@blogger.com