Wednesday 6 April 2011

A coincidence

I must confess that I like to find patterns in events and dates.
It immediately striked me, then, the coincidence.
According to our Minister of Finance, the government of Portugal is now about to call for external financial help.
That was increasingly predictable, given the refusal of our banking system to buy any additional public debt and the rise in interest rates (specially today).
This cry for help happens precisely 19 years after Portugal joined the exchange rate mechanism of the European Monetary System: 6-April-1992 -- 6-April-2011.

1 comment:

  1. ... sorry, I lack to find any pattern evidence on a series of two events!
    Is there anything special about the number "19"?
    Or next Friday's ECOFIN meeting does not play any role?