David Scott’s - Market Watch

Portugal has become the third single currency member to confirm a bailout, with $78.5 billion being sought to help stabilise the country’s finances in an emergency loan. This now takes emergency lending for the three distressed economies to £256 billion, just as speculation mounts that Greece, the country that started it all is plunged into a deeper financial hole, with talk of restructuring, which I believe is inevitable. Rumours swept through financial markets late on Friday that Greece was threatening to leave the eurozone and reintroduce the drachma.

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Mike Raybone
Chartered Marketer and emarketing specialist

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