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Thursday, March 24, 2011

The Wisdom of Socrates

Jose Socrates the Prime Minister of Portugal has "fallen on his sword", as a result of his austerity budget being voted down by all the opposition parties.

Socrates had stated, prior to the vote, that if the budget was defeated he would resign.

The result of this defeat is that the country probably has to stage a general election and, because it has no budget, will have to be propped up by the EU in order to prevent the financial collapse of Portugal and the unravelling of the Euro.

Socrates is a canny man, and has probably saved his country from an austerity package that would have cause chaos domestically.

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