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FSN: Portugal’s Elder Statesman Calls for ‘Argentine-Style’ Default
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Portugal’s leading elder statesman has called on the country to copy Argentina and default on its debt to avert economic collapse, a move that would lead to near certain ejection from the euro.
by Ambrose Evans-Pritchard
Telegraph.co.uk
Mario Soares, who steered the country to democracy after the Salazar dictatorship, said all political forces should unite to “bring down the government” and repudiate the austerity policies of the EU-IMF Troika.
“Portugal will never be able to pay its debts, however much it impoverishes itself. If you can’t pay, the only solution is not to pay. When Argentina was in crisis it didn’t pay. Did anything happen? No, nothing happened,” he told Antena 1.
The former socialist premier and president said the Portuguese government has become a servant of German Chancellor Angela Merkel, meekly doing whatever it is told.
Continue Reading at Telegraph.co.uk…
2013-04-12 18:46:59
Source: http://silveristhenew.com/2013/04/12/portugals-elder-statesman-calls-for-argentine-style-default/
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