Monday, June 06, 2011

PoliticsPortugal: Socialists thrown out -- Social Democrats in, forming new centre-r+t coalition

Financial Times email newsletter (June6,2k11)

Socialists ousted

     in Portugal election

Portugal’s opposition Social Democrats won a conclusive victory in a general election, paving the way for a new centre-right coalition to implement the country’s

€78bn bail-out programme

The USA's bail-out cost  nearly a trillion (that's expressed in Arabic
numerals 1,000,000,000, I guess), while the total sovereign debt is
14 trillion.   The concept of a trillion dollars is not quite real in my
mind, it's more a calculation than an idea as such ... of course,
calculations depend on ideas too.  At least a concept, a calculation,
perhaps an idea of  presentday-economic first order, too.

--TF stuff posted by Politicarp

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