An Old Fashioned PIIGS story as Portugal Mises Deficit Targets Again

  by John Galt March 28, 2013 21:30 ET   Ah, the good old days. Spain can’t meet it’s goals and needs a break from the European Union. Italy can’t form a government again (again, again, again, etc…). Ireland got drunk and forgot to make a bond payment. Greece well, is Greece. And good old Portugal can’t meet the commitments they made to the IMF, EU, and European Central Bank about their deficit spending. Wait a minute, that’s exactly what El Pais reported this afternoon: Portugal fails to meet public deficit…

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