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Could Portugal be the first to leave the Euro ? Elder Statesman advocates default


cyberianpan

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Jan 18, 2006
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Here is a pretty big story:
Portugal’s elder statesman calls for 'Argentine-style' default - Telegraph
Portugal's leading elder statesman has called on the country to copy
Argentina and default on its debt to avert economic collapse, a
move that would lead to near certain ejection from the euro.

Mario Soares, who steered the country to democracy after the
Salazar dictatorship, said all political forces should unite to “bring
down the government” and repudiate the austerity policies of the
EU-IMF Troika.
So might Portugal be the first of the PIIGS to flee the Euro ? Might Shorthall , Keaveny et al get enough on their side to try the same ?

cYp
 

Volatire

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Joined
Feb 25, 2012
Messages
13,392
Here is a pretty big story:
Portugal’s elder statesman calls for 'Argentine-style' default - Telegraph


So might Portugal be the first of the PIIGS to flee the Euro ? Might Shorthall , Keaveny et al get enough on their side to try the same ?

cYp
There is one interesting difference between Portugal and Ireland (or Cyprus).

Portugal is not an ex-colony. In fact she was a major colonial power herself. Unlike the Irish, the Portuguese understand ugly power-play.

Unlike the toadying administrations in Dublin, Lisbon will not be pushed around easily by Berlin and Brussels.
 

off with their heads

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Theres a definite change in the air all right its time the curtain was pulled back we want to see the wizard:cool:
 

stopdoingstuff

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Even when on their knees, their sense of self-worth springs from internal sources, whereas the Irish management class ("rule" is not appropriate in this context) seeks and obtains validation only from external authority. The one who controls any relationship is the one who is prepared to walk away first, or at least the one who is capable of making the other person think that this is the case. This is quite a ballsy move from Soares, but we must also remember that he has in the past faced down bigger bullies that the EU, and also had the vision to look beyond the status quo and lead his country into a new era. Leaders without vision and courage are merely administrators- where are our leaders?
 

Ex celt

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Joined
Apr 24, 2011
Messages
8,375
There is one interesting difference between Portugal and Ireland (or Cyprus).

Portugal is not an ex-colony. In fact she was a major colonial power herself. Unlike the Irish, the Portuguese understand ugly power-play.

Unlike the toadying administrations in Dublin, Lisbon will not be pushed around easily by Berlin and Brussels.
Rubbish.
Ireland has bled Europe dry since accession like no other member state.
 

Analyzer

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Joined
Feb 14, 2011
Messages
46,201
Portugal will endure 25% unemployment, suicides, bankruptcies, and loads of pain, before that useless phucker Barroso has to be made endure any embarrassment.

And let's not forget, he played a similar role in the creation of Portugal's current problems, to the role Bertie the Socialist, in respect of Ireland's mess. Only he got much less time to mess things up.
 

Ren84

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Jan 14, 2011
Messages
50,016
First it was Greece that was first to leave, then Ireland, then Italy, then Spain, then Cyprus, then Slovenia, now it is Portugal. FFS, make up your minds. Soon we'll have a thread asking will Germany be the first to leave the Eurozone. :rolleyes:
 

tipp revolution

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Feb 16, 2011
Messages
2,603
First it was Greece that was first to leave, then Ireland, then Italy, then Spain, then Cyprus, then Slovenia, now it is Portugal. FFS, make up your minds. Soon we'll have a thread asking will Germany be the first to leave the Eurozone. :rolleyes:
Id say josef soap of munich would be delighted to leave the euro
 

Radix

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Aug 31, 2010
Messages
10,031
Even when on their knees, their sense of self-worth springs from internal sources, whereas the Irish management class ("rule" is not appropriate in this context) seeks and obtains validation only from external authority. The one who controls any relationship is the one who is prepared to walk away first, or at least the one who is capable of making the other person think that this is the case. This is quite a ballsy move from Soares, but we must also remember that he has in the past faced down bigger bullies that the EU, and also had the vision to look beyond the status quo and lead his country into a new era. Leaders without vision and courage are merely administrators- where are our leaders?


Our cosseted 'leaders' are at 'The Gathering'.

You know the type of thing, fiddling away, while home burns!
 

Ireniall

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Messages
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Rubbish.
Ireland has bled Europe dry since accession like no other member state.
You're not given to exaggeration or anything are you-I believe it amounts to about 40bn euros. Before the crash we were due to become net contributors this year but now we're shouldering 40% of the bank debt. Throw in billions worth of fish and somehow I think the union are doing well enough out of us.
 

neiphin

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Joined
Aug 23, 2009
Messages
5,581
First it was Greece that was first to leave, then Ireland, then Italy, then Spain, then Cyprus, then Slovenia, now it is Portugal. FFS, make up your minds. Soon we'll have a thread asking will Germany be the first to leave the Eurozone. :rolleyes:
wasnt there one yesterday ?
 

irishpancake

Well-known member
Joined
Apr 5, 2007
Messages
17,837
Here is a pretty big story:
Portugal’s elder statesman calls for 'Argentine-style' default - Telegraph


So might Portugal be the first of the PIIGS to flee the Euro ? Might Shorthall , Keaveny et al get enough on their side to try the same ?

cYp
CyPIIGS will flee...hahhahhah

in deference to yerself, and the other CyP!!!!







Poor ould Mario...remember him well during the Carnation Revolution

someone's been at his Wiki entry:

http://en.wikipedia.org/wiki/Mário_Soares#Post_presidency

After the general elections of Finland, 17 April 2011, Mário Soares, presented an opinion according of which Finland has changed into a extremely conservative country, where solidarity is unknown. Soares reminded the memory of Kalevi Sorsa comparing his generosity and those dwarfs, who now want to rule Finland, their ethical values and hostility against Portugal with great difference. According to Soares the Finns live in illusion believing that speculative markets and credit criminals can destroy nations with nine hundred years independent history.
 
Last edited:

Analyzer

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Feb 14, 2011
Messages
46,201
Whether or not Portugal gets to leave the EU will be decided depending on what is in the best interests of Goldmine Sucks.

As per existing policy.
 
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