What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on November 30, 2010.
Learn more about SpinDistribute Article Distribution System.

Euro Debt Crisis Continues to Spread to Portugal

Article Category: Business Management

Author Name: Amanda xzh

This week, global markets are destined to be spent in a tense atmosphere. EU hands-on relief Ireland, investors wait and see whether this can block the euro zone debt crisis spread to Portugal and Spain trend.

November 28 evening, the EU finance ministers approved a total of 850 million euros in the Irish financial assistance programs. There were also released with German Chancellor Angela Merkel, French President Nicolas Sarkozy agreed to a deal with the debt crisis of the new mechanism. According to this mechanism, the future euro zone member countries sovereign debt restructuring, the private bond holders may be forced to take on more responsibility.

This mechanism attracted a lot of criticism, critics say it makes the debt market to Anchaoyongdong the euro area has become more volatile, resulting in Ireland, Portugal and Spain, sharply higher borrowing costs.

Although the hand is stretched out, but still failed to convince investors that the euro zone sovereign debt crisis has been controlled.

November 29, Spain and Portugal bond credit default swap prices rose to record levels. Portugal bond credit default swap prices rose 36.5 basis points to 538.5 basis points; Spain, the figure rose 24.25 basis points to 347 basis points.

Portugal inevitable?

Most of the eurozone finance ministers that the Government of Portugal should continue to implement additional financial austerity measures. On Friday, the Portuguese government adopted a 2011 budget plan to the budget deficit forecast of 7.3% this year down to 4.6%. Some analysts have noted that the austerity measures will lead the country into recession, as corporate and personal tax revenue, the government will be difficult to achieve stated objectives.

Analysts believe that unless the cost of borrowing can be dropped, or Portugal will be forced to accept help. Upon acceptance of aid, the Spanish market will inevitably be the next target, because the Bank of Spain is Portugal's main creditors.

Has successfully predicted the economic crisis of 2008 University Professor Nouriel Roubini of New York 29 in the Portuguese media to accept that the Irish to accept aid, Portugal "very likely" need emergency assistance from the Fund.

French bank chief Asia economist Takuji Okubo in an interview, said Ben Wang, Portugal is likely to accept the help, but Spain will not.

Portuguese President Silva has said that although the country is currently facing serious economic difficulties, but Portugal does not need to resort to the International Monetary Fund; Spanish Prime Minister Rodriguez also said last week that Spain and Greece can not repeat the mistakes of Ireland seek help. The euro's fault?

Head of the southwestern United States mergers and acquisitions and debt securities, general manager of products, Mark? Grant believes that it is impossible to prevent the spread of the crisis in the euro zone.

He said that Ireland was relief after the bond holders would attention to Portugal, Spain, Italy and Belgium, as the euro area over the monetary system is a structural defect. At present the euro zone sovereign debt of any country are dangerous, except possibly in Germany.

Nobel laureate U.S. economist Paul? Crewe pointed out that Goldman wrote in The New York Times, Ireland and Portugal only "before eating dessert," Spain is the crisis of "main course." He believes that the euro is the main cause of the crisis.

If Spain do as the U.S. and Britain have their own currency, it can be to devalue and enhance the competitiveness of domestic enterprises.

"Now, the Spanish must complete the" internal devaluation ": reducing the level of prices and wages back up to its borrowing costs with other euro zone countries to a considerable level, but this process takes years, and the reduction means reduced income, debt levels to will be marking time. Therefore, the depreciation will continue to worsen the internal debt problems of the private sector. "he said.

Keywords: Geological Drilling Rig , Top Head Drive Drilling System,

Learn more about SpinDistribute Article Distribution System. We also offer Professional Article Writing to everyone who's looking for high quality web content.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.