Wednesday, April 6, 2011

"We Don't Need A Bailout... We Don't Need A Bailout...Uh, We Need A Bailout": Portugal Admits To Needing EU Rescue

One of my axioms:  when a central banker or finance minister opens his/her pie hole, don't believe a word of it.

http://www.zerohedge.com/article/we-dont-need-bailout-we-dont-need-bailoutuh-we-need-bailout-portugal-admits-needing-eu-rescu

Wow, who wooda thunk?  Portugal needs a bail out--after repeated denials from their financial authorities.  Spain is on deck.

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