The Top Ten of future bankrupcy

Facing an international credibility crisis,

José Socrates has reason to put his head in his hands!!

With rising inflation at 2.7%;

unemployment at a historic high of 11.2%;

pension funds for the poorest frozen;

economic growth forecasted at 0.2%;

there is only despair on the horizon.

After the Brussels/Berlin debacle,

Socrates faces demission today in Parliament.

Portugal has just been classified as 5th on the list

of TOP TEN countries facing bankrupcy.

The risk of a default is increasingly

more than just a possibility.

According to CMA Datavision,

Portugal's risk rose to 38% on the

Credit Default Swaps market.

Interests rates of yields at 5 years,

rose to 7.98%,

while those at 10 years,

rose to 8.02%,

according to Bloombergs.

The Top Ten countries

facing the risk of bankrupcy are:

Greece;

Venezuela;

Pakistan;

Ireland;

Portugal;

Argentina;

Ukraine;

Dubai;

Libano;

Egypt.

Portugal become part of this exclusive club in default risk,

on 21 April 2009.

WHO was Portugal's Prime Minister?

José Socrates.

WHO was Portugal's Finance Minister?

Teixeira dos Santos