The people are fed up in Portugal and taking to the streets to protest. Let's listen in:
The organisers of Saturday's march are galvanised by their opposition to the so-called troika of public creditors -- the European Union, the European Central Bank and the International Monetary Fund -- who bailed out Portugal.
Now this is very good. The Portuguese people could repudiate that debt and suffer no consequences in the slightest. We could expect a fairly rapid long-delayed renaissance in Portuguese commerce and culture.
"This demonstration is a clear sign that 'the troika' and the government are not wanted in this country," said Joao Semedo, the leader of a far-left bloc.
OK, but don't tell me they want far-left politics instead!
The march included groups of teachers, healthcare workers and pensioners who have been especially hard hit by the budget cuts.
Well, yes, reneging on promises and cutting social services is only natural to make more money for the bankers.
After cutting salaries and pension benefits in 2012, the government this year has declared a general tax increase and expects to impose further cuts of some four billion euros.
Hmmmmmm... Since state wages and benefits come from taxpayers, repudiation or not, recovery comes when this state-provision of wages and benefits ends. So are the Portuguese planning to return to minimum security prison, instead of maximum security prison? The Portuguese are past masters at free trade, then the slave trade brought the wrath of God down on them. I guess they still need to repent of that business.
Feel free to forward this by email to three of your friends.
The organisers of Saturday's march are galvanised by their opposition to the so-called troika of public creditors -- the European Union, the European Central Bank and the International Monetary Fund -- who bailed out Portugal.
Now this is very good. The Portuguese people could repudiate that debt and suffer no consequences in the slightest. We could expect a fairly rapid long-delayed renaissance in Portuguese commerce and culture.
"This demonstration is a clear sign that 'the troika' and the government are not wanted in this country," said Joao Semedo, the leader of a far-left bloc.
OK, but don't tell me they want far-left politics instead!
The march included groups of teachers, healthcare workers and pensioners who have been especially hard hit by the budget cuts.
Well, yes, reneging on promises and cutting social services is only natural to make more money for the bankers.
After cutting salaries and pension benefits in 2012, the government this year has declared a general tax increase and expects to impose further cuts of some four billion euros.
Hmmmmmm... Since state wages and benefits come from taxpayers, repudiation or not, recovery comes when this state-provision of wages and benefits ends. So are the Portuguese planning to return to minimum security prison, instead of maximum security prison? The Portuguese are past masters at free trade, then the slave trade brought the wrath of God down on them. I guess they still need to repent of that business.
Feel free to forward this by email to three of your friends.
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