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Sorry folks, but Portugal shows euro crisis far from over

Wednesday, July 03, 2013 - 01:27

July 3 - We're told the euro crisis is over. But Portugal's coalition government is on the brink of collapse, and markets are once again on the slide. The crisis, it would seem, is far from over.

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Well perhaps not -- Portugal's coalition government is on the brink of collapse after the finance minister resigns. And the prime minister refused to accept the resignation of his foreign minister all bow to demands that he himself. Stick them. No. Ali wasn't resigned by going to abandon my country. I embrace my country with the same dedication and the way. European markets especially Portugal's are once again in a tailspin. Lisbon stock market is off more than 6% to its lowest level this year. A close here today would not come back of the plane and anything seemed to think Portugal's bailout in May 2011. It would be the steepest fall since Lehman. Driving that is the slump in Portuguese banking and financial stocks down a whopping fourteen sites. The sell off in the bond market has been elects to not take benchmark ten year yields exploding more than 150. Basis points and 8%. Only six weeks a goal of a closer to 5%. So twice a -- not in Portugal has -- won't be making a coup attempt to the capital markets anytime soon and -- think. Will seek bailouts to. To -- you governor for --

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Sorry folks, but Portugal shows euro crisis far from over

Wednesday, July 03, 2013 - 01:27