Portugal goverment 5 year Bonds at new record

Portugal 5 year bond rise to 9.91 and 10 year Value 8.59.
Its getting impossible to pay their debt, maybe another bailout coming soon?

Brent oil now at 119,50/barrel.
This is getting serious.

www.bloomberg.com...:IND

how is that serious, what does it mean, that they are setting themselves up for high inflation? Anyone know what kind of taxation and interest rates where when the roman empire went south?

Well we all know that oil price is directly connected to world economy, it effects foodprice, and just about everything becouse you need oil to
shipping/ gasoline, warming etc.

Everytime oil goes high there has become marketdepression.

And now investors dont trust that portugal can survive handiling their debt.
So intrestrates get higher. They need money to pay their investers.
They can go bankrupt, or other Eurocountries can bail them out by loaning more money to them.

And if you look at Greece and Ireland Bond (they have allready been bailed out) that makes no good to them.
Intrestrates just keep high.
Eurozone is about to break apart. Germany cant keep bailing out every country.