Portugal has the second largest debt in the European Union - Eurostat!

Public debt, as a function of the euro area GDP,

 shrank by 90.1% in the third quarter of 2016, 

with Portugal registering the second largest debt in the European Union (EU)

 and the 4th on the same year, according to Eurostat.

In all of the 28 EU Member States, 

public debt was 83% of GDP, down from 85.9% in the same period 

and 84.2% in the previous quarter.

Between July and September 2016, 

Greece recorded the highest debt (176.9%), 

followed by Portugal (133.4%) 

and Italy (132.7%), 

while the lowest was in Estonia (9.6 per cent),

 Luxembourg (21.5 per cent) 

and Bulgaria (28.7 per cent).

According to the official EU statistics office, 

compared to the third quarter of 2015, 

11 Member States saw their public debt increase as a function of GDP,

 with the highest increases in Greece 

(4.4 percentage points for the 176.9 % of GDP), 

Lithuania (3.1 points to 41.3% of GDP) 

and Portugal (2.9 percentage points to 133.4% of GDP).

The most significant casualties were recorded in Ireland 

(-8.5 points for 77.1% of GDP), 

the Netherlands (-4.3 points for 61.9% of GDP) 

and Hungary (-3.2 points for 74.3% of GDP).

WHERE are the socialist street screamers??

WHAT do they have to say to the portuguese people, 

of the huge increase of Portugal's public debt?

According the unelected Prime Minister, 

he and his geringonças, the radical communists and 

the Bloco Esquerda (the Leftists Block), 

would change austerity, 

the public debt would decrease miraculously, 

while the government and its radicals, 

hand out money left and right, 

to every cat, dog and budgie, 

as if there is no tomorrow!

They spent like hell, 

for today is unimportant, 

let's not think about tomorrows, 

someone else will have the problem of paying their debts.

Easy money has been provided lavishly, 
by the European Central Bank,

to keep these false "reformers and saviours" of Portugal, in power.

Who cares, let's live for TODAY,

because tomorrow we'll be dead, 

and someone will have to foot the bill of our extravagance.

Most of the debt, will only have to be paid in 50 years time..

Thank God, I will NOT be around, 

but in the meatime, 

the party goes on, 
and it's plain sailing on stormy seas.

BUT WHO THE HELL CARES??

133.4% of the GDP??

Wow!! incredible. 

Portugal lives very high above what it produces.

Everything we eat, every euro we earn, is already part of the debt.

Just look what is happening in Ireland, 

who also underwent an international bail-out programme, 

like in Portugal and Ireland´s debt is at the moment 77.1% 
and still going down!

But what else could anybody expect,
 from an unstable, unelelected government, 

eager to revert, unreform, change, destroy, 
disregard, revoke and cancel all previous state reforms.

THE SECONF LARGEST DEBT IN THE EUROPEAN UNION!!

Congratulation comrade Costa and company!

You have done perfectly well in destroying 

what was left of Portugal's feeble economy! 

WHERE'S the Moët & Chandon?