Bearded Dragon Wood Chip Stuck In Throut

Three crises, the same outcome

The request for help from Portugal is the third since the debt crisis began in mid last year. Before and requested a rescue Greece and Ireland because, as the country luso, its inability to finance markets.

Although the three countries have been pushed to the aid of high interest payments on its debt, which put them at risk of suspension of payments, the reasons that led them to this situation is different in each case.

- Ireland. Economic data:
Population: 4,400,000 inhabitants
GDP per capita: 127 (European average of 100)
Paro
13.7% GDP growth in 2010: -1%
Cost of long-term financing: 9.10 % *
State deficit: 14.4%
Public debt: 65.5% of GDP **
rescue cost: 85,000 million euros

Source: Eurostat
* February 2011
** Last available data: 2009

The country experienced an impressive economic boom in the years before the financial crisis, largely because, as in Spain, the housing bubble. However, Ireland, known as Tigre Celta by a spectacular economic growth rates "of around 10% in 1999 and 2000 for example, saw in just three years went from being on top to fall at a speed unusual.

Its GDP growth from 5.6% in 2007 to a negative rate of 3.5% next year while the value of homes has fallen 50-60% since the start of crisis.

Source:
- "Three crisis, same outcome."