Douglas Carswell's Blog

Another week in Euroland

This week, Portugal is due to raise Euro 1.3 Billion by auctioning off 3-year and 9-year bonds.  One to watch. 

It is, of course, a fraction of the Euro 38 Billion Portugal must raise this year. 

Or the Euro 85 Billion Belgium needs to raise over the next twelve months.  Or Euro 210 Billion of IOUs Spain must push on the market.  Or the Euro 374 Billion of debt Italy needs to roll over.

Let's hope someone inside our Treasury can count - and is therefore giving serious thought to the policy implications for when the inevitable happens and we're asked to pay for yet another bail out.

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