{"id":283884,"date":"2010-02-05T11:52:00","date_gmt":"2010-02-05T16:52:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/portugal-fails-to-pass-austerity-budget-and-opts-for-more-debt-2010-2"},"modified":"2010-02-05T11:52:00","modified_gmt":"2010-02-05T16:52:00","slug":"portugal-fails-to-pass-austerity-budget-prays-to-god-it-can-access-more-debt","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/283884","title":{"rendered":"Portugal Fails To Pass Austerity Budget, Prays To God It Can Access More Debt"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4afd6d640000000000185444-304-229\/portugal-lisbonjpg.jpg\" border=\"0\" alt=\"portugal-lisbon.jpg\" width=\"304\" height=\"229\" \/><\/p>\n<p>The Portuguese government has failed to pass a budget that would cut spending and reduce debt in the hopes of bringing the troubled PIIG state back to normalcy.<\/p>\n<p>Instead, they pushed through a budget which will <a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/economy\/portugal-debt-vote-likely-to-rattle-markets\/article1457499\/\">allow the government to rack up more debt<\/a>, fueling an already rampant fire in the market for the country&#8217;s credit default swaps.<\/p>\n<p>Yesterday, <a href=\"http:\/\/www.businessinsider.com\/credit-default-swaps-show-that-now-portugals-financial-health-is-flat-lining-like-the-piig-domino-it-is-2010-2\">Portugal saw their CDS spread widen<\/a> as more concerns have risen about the country&#8217;s ability to pay down their debt.<\/p>\n<h2><strong><a><strong><\/strong><\/a><strong><a href=\"http:\/\/feedproxy.google.com\/~r\/TheMoneyGame\/~3\/the-15-countries-at-the-greatest-risk-of-default-2010-2\/bulgarias-cds-spread-2416-bps-1\">Now Check Out The Other Countries In Sovereign Debt Crisis -&gt;<\/a><\/strong><\/strong><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/portugal-fails-to-pass-austerity-budget-and-opts-for-more-debt-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\/greece-and-portugal-on-the-path-to-a-slow-death-2010-1\">MOODY&#8217;S: Greece And Portugal On The March To A &#8216;Slow Death&#8217;<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/credit-default-swaps-show-that-now-portugals-financial-health-is-flat-lining-like-the-piig-domino-it-is-2010-2\">Euro Bludgeoned As Portuguese Government Debt Disaster Sparks Credit Default Swap Panic<\/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\/I5G7okDyeBE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Portuguese government has failed to pass a budget that would cut spending and reduce debt in the hopes of bringing the troubled PIIG state back to normalcy. Instead, they pushed through a budget which will allow the government to rack up more debt, fueling an already rampant fire in the market for the country&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-283884","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/283884","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\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=283884"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/283884\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=283884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=283884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=283884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}