One thing central banks and their printing machines cannot do is prop up peoples discontent and disillusion with government. A sociological cycle of human/human interaction, governments rising and falling.
Good to watch sudden sells, panic selling on Europe Zone open/s. A contagion of political unrest could spill over into the rest of the PIIGS from FT 27th Oct 2010
"Talks between Portugal’s socialist government and the main opposition party over a disputed austerity budget have collapsed, pushing the country closer to a sovereign debt crisis.
The opposition Social Democratic party (PSD), which holds the balance of power in parliament, called a halt to five days of negotiations on Wednesday, accusing the minority government of being inflexible.
However, Miguel Relvas, PSD deputy leader, left open the possibility of a compromise, saying the party would not make a final decision until shortly before next week’s parliamentary vote on the bill.
“Because of the exceptional gravity of the situation, we are prepared to give the government more time to consider our proposals,” he said in a televised address on Wednesday night.
A political deal guaranteeing that the budget bill will be passed is considered essential to reassure financial markets that the minority government will meet its deficit-reduction targets."
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