Listen closely – is that the sound of demand destruction?

Posted by Jack Crooks - Black Swan Capital

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“The country irresponsibly was pushed for a very difficult situation in the financial markets. Before this difficult situation, that could have been prevented, I understand that it is necessary to appeal to the available mechanisms of financing in the European picture in adequate terms to the current situation politics.”

Fernando Teixeira Dos Santos, on Portugal’s need for a bailout