PIIGS: The G is in trouble and now P is in trouble (wage, Simpson)

[HappyTexan]

Now Portugal is upset over mandatory cutbacks to trim their bloating expenditures.

Will Germany have enough to bail each of the little piggies out ?

UPDATE:Portugal Public-Sector Workers Strike Over Wage Freeze - WSJ.com (http://online.wsj.com/article/BT-CO-20100304-711206.html?mod=WSJ_latestheadlines - broken link)

80% of the public sector there has gone on strike over wage freezes.

[summers73]

Coming to America VERY soon.

[newonecoming]

Originally Posted by HappyTexan

Now Portugal is upset over mandatory cutbacks to trim their bloating expenditures.

Will Germany have enough to bail each of the little piggies out ?

UPDATE:Portugal Public-Sector Workers Strike Over Wage Freeze - WSJ.com (http://online.wsj.com/article/BT-CO-20100304-711206.html?mod=WSJ_latestheadlines - broken link)

80% of the public sector there has gone on strike over wage freezes.

I hope we get smart soon and start to get our house in order.

[HappyTexan]

If this ain't a wakeup call..then I don't know what is.

[newonecoming]

The crashing of the international banking system will be but then it will be too lake.

[summers73]

Originally Posted by HappyTexan

If this ain't a wakeup call..then I don't know what is.

Doncha know? Can't happen here.

[newonecoming]

Originally Posted by summers73

Doncha know? Can't happen here.

We are too big to fail

[newonecoming]

Well HT and S73 I gues we are the only ones that care and or have a clue.

[XodoX]

If Germany can bail them out, then I am all for it. That's why you call it European Union.

[uggabugga]

Originally Posted by XodoX

If Germany can bail them out, then I am all for it. That's why you call it European Union.

don't forget france. they'll get the bill too.