Portugal votes against austerity

The government of Portugal has voted against an austerity bill, according to an article titled “Portugal debt vote likely to rattle markets” by The Globe & Mail.
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Blog: Check out Fears of Sovereign Debt Default Enter the Forex Fray

Forex Blog has an article by Adam Kritzer entitled¬†Fears of Sovereign Debt Default Enter the Forex Fray. Adam’s article focuses on Government debt as a percentage of GDP, and in particular contrasts the high debt as a percentage of GDP for the developed states with that of the fiscally conservative developing nations (which developing nations, one might say, have already learned their lessons on debt).