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Portugal Fights Off Debt Crisis - For Now

Saturday May 01, 2010

Tenerifestan is absolutely right. It is time for Portugal, Spain and Greece help themselves without relying on EU for help. They already benefits from being a full member of EU, lots of investments has been made in those countries in order to move their economies ahead. They need a more responsible approach when dealing with their expenditures. Spain seems to be the less troubled one thanks to a more dynamic economy that is not only based on tourism. The European Central Bank should audit more often and carefully those countries. It should issue directives when necessary.

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