THE DAILY TELEGRAPH: Portugal has admitted that it could become the latest European Union country to seek a bail-out as the eurozone debt crisis deepened.
Fernando Teixeira dos Santos, the Portuguese Finance Minister, has warned that the fall out from concerns over Ireland's public finances could create a contagion effect among its neighbours.
"The risk is high because we are not facing only a national or country problem," he told Dow Jones news wires, in reference to the possibility that Lisbon will need international financial assistance.
“It is the problems of Greece, Portugal and Ireland. This is not a problem of only this country. This has to do with the euro zone and the stability of the eurozone, and that is why contagion in this framework is more likely. >>> Andrew Hough, Bruno Waterfield in Brussels, Robert Winnett and Heidi Blake | Monday, November 15, 2010
THE SUNDAY TELEGRAPH: Europe stumbles blindly towards its 1931 moment: It is the European Central Bank that should be printing money on a mass scale to purchase government debt, not the US Federal Reserve. >>> Ambrose Evans-Pritchard | Sunday, November 14, 2010
