Globalization has interconnected all markets, most notably from 2000 and
on. A small bump in the road is felt ENTIRELY throughout the world
economy as the ground shakes beneath it. Vast amounts of money printing
has resulted in an unstable footing for the world and it is now a
disaster waiting to happen.
Printing trillions cannot and has NEVER fixed this problem. This will not change.
Portugal banking crisis sends tremors through Europe
Portuguese Bank Reveals Exposure After Missed Payment Shakes Markets
The Bank of Portugal has since said BES has solid solvency ratios and is isolated from the problems at the holding company.
Espirito Santo Creditors Doubt Containment on Missed Payment
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