Thursday, May 06, 2010

So What's Stopping Them?

Interview with Portugal's Labor Minister: 'We Want to Get the Budget Under Control' - SPIEGEL ONLINE They want to get the budget under control. Good. Fine. What's stopping them?

Have space aliens said they will obliterate Portugal if spending is cut?

Of course a bureaucrat never thinks of cutting spending. They just want to raise taxes.

Don't expect Greece to be the end of the Euro Zone problems.
Fears are mounting that Portugal could become the euro zone's next major problem as ratings agencies downgrade the country's debt.
The interview is disheartening. Nobody in Europe seems to understand the idea of Free Markets.

1 comment:

Rich said...

Because socialism has been working so well for them! Well at least those in power.