Hey Portugal!

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IndyBrit
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Hey Portugal!

Post by IndyBrit »

You guys are all AAA in my book. :D
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Soccerman771
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Re: Hey Portugal!

Post by Soccerman771 »

Does this mean you have booked your trip?

8)
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IndyBrit
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Re: Hey Portugal!

Post by IndyBrit »

I wish - and if the house sells I still may.

No, Portugal's government was downgraded to AA- today. :(
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Sporting_Lisbon
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Re: Hey Portugal!

Post by Sporting_Lisbon »

Haha thanks! :D

That irresponsible son of a beach that is leading our government deserved that, he directly manipulated the deficit to win the elections. Oh wait, that's what being a politician means ^^
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Comadevil
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Re: Hey Portugal!

Post by Comadevil »

what is the son of a beach? Sand? Sunnyboy?
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Sporting_Lisbon
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Re: Hey Portugal!

Post by Sporting_Lisbon »

Yeah, he's too lazy!
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Kaiser_von_Nuben
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Re: Hey Portugal!

Post by Kaiser_von_Nuben »

A lazy person from Portugal?

IMPOSSIBLE ::/ (Dentists not included)
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LaZy
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Re: Hey Portugal!

Post by LaZy »

^^ Muahahahahah

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wicked_assassin
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Re: Hey Portugal!

Post by wicked_assassin »

actually this is far from an laughing matter
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LaZy
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Re: Hey Portugal!

Post by LaZy »

^^ in fact it is a laughing matter, since it is through my noir humour that I get by, otherwise Id feel forced into filling my samsonites with some C4 and doing what needs 2 b done!

Ah and b4 I 4get, lets pls keep in mind that the same "specialists" that grade governments are the same fools that didnt forsee the worldwide crysis we are enduring and work in the same companies that basically got us into this whole mess in the 1st place. 2 them I have only 1 piece of advice; if my current government is only worth a AA then I suggest they got 2 an AA meeting themselves for it is there that they should b, getting help after their irrational behaviour. Frickin speculative social leeches!

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wicked_assassin
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Re: Hey Portugal!

Post by wicked_assassin »

The rating is not the main problem, it's the defilict of 8%. That's i believe 5% above the norm of the euro zone.
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IndyBrit
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Re: Hey Portugal!

Post by IndyBrit »

Well 3% isn't supposed to be the norm, it's supposed to be the cap. But everyone is over that right now. We're on the high side of 10%. o_O

The rating doesn't really matter, it's the borrowing rate. When that begins to spike, the jig is up. A country can either cut benefits (and face riots), print money (and face catastrophic inflation), or default on their debt, meaning they have to balance the budget going forward from that point since no fool will continue to loan. Since Portugal is in the EU, they can't really print money, either. Whatever happens, don't worry because we're all a couple of years behind you.

I recommend investing in paper companies, I have a feeling they're going to be busy globally for a while.
wicked_assassin
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Re: Hey Portugal!

Post by wicked_assassin »

it's quite more complex indy. It's not because you are in the eu you can't print money. The eu is an intergovermental organisation with 27 members and then you have whitin the eu the euro zone with 15 members. If you enter the euro zone you sign a stabilization pact, that says no deflicts more then 3 %. That are the rules.

The us situation is different, if the us makes a deflict of 10% then that's the us their own problem. If for example belgium makes a deflict of 10% then that's also a problem for france, germany, spain, portugal, austria, italy, greece, netherlands, monaco, San marino, vatican city,etc...
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36drew
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Re: Hey Portugal!

Post by 36drew »

[quote=""Kaiser_von_Nuben""]A lazy person from Portugal?

IMPOSSIBLE ::/ (Dentists not included)[/quote]

LOL.
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IndyBrit
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Re: Hey Portugal!

Post by IndyBrit »

That's true, Wicked. It's tough for countries to beat on you too much when they themselves are over the 3% though, not that they won't. But you also can't print money, not just because you are responsible to others (although you are), but also because you don't control your currency now.
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