Friday, March 30, 2012

Portugal's woes drive personal bankruptcies ... - The Finance Room

on March 28, 2012 5:33 pm in Business News / no comments

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WITH STORY SLUGGED PORTUGAL HARD TIMES - Nuno Pinto poses for a photo in a park near his home in Santa Iria de Azoia, a small town just outside Lisbon, on March 21 2012. Pinto is 40-years old, out of work and out of money, so he is contemplating losing the family home but is not happy with the personal bankruptcy which is engulfing the finances of the Portuguese people. Lenders demanded debt-reducing austerity measures have helped pitch the country into a steep decline, with a second straight year of worsening recession, and record unemployment. (AP Photo/Armando Franca)Nuno Pinto is 40, out of work and contemplating a step he thinks is the only way out of his family's financial plight: personal bankruptcy.

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Source: http://www.financeroom.net/?p=313043

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