The Portuguese banks basically told the government they would buy no more government debt bonds....claiming lack of liquidity and excessive exposure to government debt.Originally Posted by gaelic cowboy
Re: The continuing battle against the inevitable Euro area default
The Portuguese banks basically told the government they would buy no more government debt bonds....claiming lack of liquidity and excessive exposure to government debt.On Portugal it looks like various large banks pretty much told the Portugese caretaker government to bailin 1-0 to the Banksters
"If given the choice to be the shepherd or the sheep... be the wolf"
-Josh Homme
"That's the difference between me and the rest of the world! Happiness isn't good enough for me! I demand euphoria!"
- Calvin
Posting Permissions
Reply With Quote
Bookmarks