Skip to content


Spain, Portugal and Belgium set to follow Ireland into abyss as debt crisis threatens to destroy the euro


Daily Mail
Thursday, November 25, 2010

Dominoes: The collapse of Greece and Ireland's economies could have a knock-on effect on other nations

New fears have been raised about the future of the euro with the domino effect of faltering economies spreading today.

The latest nation to get sucked into the crisis is Belgium after market traders pushed the cost of insuring the country’s debt to record levels.

The rising cost of Belgium’s debt is now 100 per cent of annual national income. That is raising concerns the country could join Portugal, Spain and Italy on the growing list of countries that could be heading for a financial crisis along with stricken Ireland.

The eurozone was dealt a further blow yesterday after Portuguese and Spanish borrowing costs rose sharply as investors worried that their debt levels will prove unsustainable, putting them next in line for a European bailout.

As a major public sector strike in Portugal further undermined market confidence there, the interest rate on the government’s 10-year bonds broke through the 7 per cent barrier yesterday. The 10-year Spanish bonds rose to 5.08 per cent from 4.91 per cent at the start of trading.

Portugal and Spain are viewed as the 16-nation eurozone’s next weakest links now that Ireland has followed Greece and accepted a massive international rescue package.

Full story here.

Related Posts with Thumbnails

Posted in General News.

Tagged with Belgium, Daily Mail, Greece, Ireland, Italy, Portugal, Spain.

Support #altnews & keep Dark Politricks alive

Any support to keep this site running would be much appreciated! If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks is all it takes to help keep the servers running and #altnews alive!

Please remember I have written hundreds of articles for this site and I host numerous amounts of material that has been taken offline by their original hosters which would be unavailable for viewing if it wasn't for this site. Therefore I would kindly ask you to help support me so that the site can continue doing what I think is an important job as well as reporting on stories the mainstream media would rather you didn't know about. I personally think it is important to host material such as removed reports that show that even FOX News once repoted on Israeli spy rings following the 9.11 hijackers before September 11th Or publishing the original Liberal Democrats Freedom Bill which was removed from their site once they enacted some watered down rubbish instead once they got into power.

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation, especially if you have a few quid sitting in your PayPal account doing nothing useful!


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



css.php