The "P" in "PIIGS" is about to collapse

Portugal is on the brink.

http://www.zerohedge.com/article/portugal-budget-discussions-break-down-government-collapse-imminent

As BBC reports, "the minority government of Portugal has failed to gain opposition support for its proposed austerity budget. A failure to pass the budget could plunge the country back into the debt crisis it had seemingly escaped since the summer." And this: "Prime Minister Jose Socrates threatened to quit if the budget fails, while the finance minister ruled out more talks." In other words, the Portuguese government is about to fall,...