{"id":273097,"date":"2010-02-03T15:52:00","date_gmt":"2010-02-03T20:52:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/by-standing-behind-greece-europe-just-made-portugal-the-sacrificial-piig-2010-2"},"modified":"2010-02-03T15:52:00","modified_gmt":"2010-02-03T20:52:00","slug":"by-standing-behind-greece-europe-just-made-portugal-the-new-sacrificial-piig","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/273097","title":{"rendered":"By Standing Behind Greece, Europe Just Made Portugal The New Sacrificial PIIG"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/0eb9b914a888f54953597d00\/cutepigs-tbi.jpg\" border=\"0\" alt=\"cutepigs tbi\" \/><\/p>\n<p>This morning, <a href=\"http:\/\/www.businessinsider.com\/europe-gives-the-all-clear-to-emergency-greek-financial-plan-2010-2\">the EU announced that it stands by Greece&#8217;s new budget<\/a>.<\/p>\n<p>Great, maybe that will give investors confidence that they don&#8217;t have to worry about Greece actually missing a payment.<\/p>\n<p>But now there&#8217;s a new loser: Portugal. It&#8217;s the weak link for Europe to throw to the wolves.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/7150118\/Greece-under-EU-protectorate-as-funds-shift-fire-to-Portugal.html\">Ambrose Evans-Pritchard<\/a>:<\/p>\n<p style=\"padding-left: 30px;\">Yields on 10-year Portuguese bonds jumped 21 basis points yesterday as funds    switched their fire to the next &#8220;domino&#8221;, questioning whether the    government of Jose Socrates can deliver spending cuts without a    parliamentary majority. &#8220;The lightning rod has been passed to Portugal:    who is next &ndash; Spain?&#8221; asked Marc Chandler, from Brown Brothers    Harriman.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/7150118\/Greece-under-EU-protectorate-as-funds-shift-fire-to-Portugal.html\">Read the whole story &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/by-standing-behind-greece-europe-just-made-portugal-the-sacrificial-piig-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/wink-wink-europe-thinks-greece-is-screwed-2010-2\">Europe To Greece: You&#8217;re All Good, Except For These 1,224 Issues<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/europe-gives-the-all-clear-to-emergency-greek-financial-plan-2010-2\">It&#8217;s Official: Europe Approves Greece&#8217;s Emergency Financial Plan<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/euro-breaks-above-140-as-markets-expect-europe-will-back-greece-2010-2\">Euro Breaks Above $1.40 As Markets Expect Resounding European Approval For Greece&#8217;s Budget<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/4ACT1k3V6zc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning, the EU announced that it stands by Greece&#8217;s new budget. Great, maybe that will give investors confidence that they don&#8217;t have to worry about Greece actually missing a payment. But now there&#8217;s a new loser: Portugal. It&#8217;s the weak link for Europe to throw to the wolves. Ambrose Evans-Pritchard: Yields on 10-year Portuguese [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-273097","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/273097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=273097"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/273097\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=273097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=273097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=273097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}