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News Link • Economy - International

The Portuguese Dominos Begin to Fall - Is Anybody Noticing?

• http://www.dailypaul.com

The media and market shrugged off these "jitters" characterizing them as isolated and contained.

Then Portuguese Telecom reported that they were out $1 billion because of the Portuguese bank holding company default. This had the effect of them having to take a reduced stake in a merger.

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