"The Portuguese government will collapse; the exchange rate of the Euro will suffer l

[sarahfx]

The European debt crisis occurred again. The Portuguese Parliament vetoed on Wednesday (March 23) that the fiscal expenditure plan brought forward by the government made the Portuguese government approached collapse and the Prime Minister had handed in his resignation.
The market speculated that Portugal would seek for financial aid from the international society immediately, which would make the Euro exchange rate suffer heavy defeat. In addition, the European Central Bank’s attitude was indifferent, the bank was unwilling to intervene to stop bond yields of debt-laden countries from rising before the Summit of the European Union.