The bailouts of the four "PIGS" countries (Portugal, Ireland, Greece, and Spain) continues apace within the European Union. Only days after grim news in bankrupt Greece — rising bond rates, a significantly underestimated debt-to-GDP ratio, and a looming nationwide union strike to protest "austerity" measures — Portugal has received a €78 billion loan from the EU.
The four European Union members known together as PIGS (Portugal, Ireland, Greece, and Spain) are those countries whose general irresponsibility and massive government overspending has been enough to drive down the value of the euro as the interest rates on their government bonds are pushed to unsustainable levels. Last year the financial collapses in these countries, especially Greece, caused the euro to plummet 15 percent in just the first six months of the year.
A Muslim beauty who bared all for Playboy may well be the next victim of an honor killing in Germany, if orthodox Muslims get their way.
Sila Şahin, a Turkish knock-out and soap-opera star who shed her clothes for pornographer Hugh Hefner's German edition of Playboy, is under fire from those calling her a "whore" and a "western slut" and who believe she must die.
Europe is in a long meltdown. The financial crisis is getting a great deal of the attention connected with this meltdown. Greece, Portugal, and Ireland have public debt ratios to GDP and to government revenues that are scaring off bond purchasers and pushing up the interest paid on government bonds. The selfishness of Europeans (and Americans) who are demanding that the government (i.e. hardworking taxpayers) fund huge packages of social welfare benefits and public employee pensions is a Ponzi scheme that had to fall someday, and that day appears now.