Jornal de Negócios - Portugal | Tuesday, July 12, 2011
Pedro Santos Guerreiro thanks Berlusconi for new crisis
The looming debt crisis in Italy offers a chance for the eurozone finally to solve its problems, in the opinion of the publisher of the business newspaper Jornal de Negócios, Pedro Santos Guerreiro: "States that turn away from crisis-ridden countries as if they were lepers are not being sadistic, they're being selfish. ... But now European politicians must stop behaving like cavemen and finally tackle the problems together. ... Nobody believes in the current rescue model any more. ... Neither the market, nor the creditors, nor the rating agencies. They believe in the German and French government leaders. And Merkel is playing Europe's Sócrates [the Portuguese ex-premier], ruining it with her rejectionist stance. That's where the cynicism comes from: thank you, Berlusconi. Thank you very much for being so stubborn towards a credible finance minister whose possible resignation has brought the third-largest economy in the Eurozone into the limelight. Yesterday was a terrible days for the markets. ... But it did become clear that it is no longer possible to conceal the problems of Greece, Portugal and Ireland. For quarantine does not protect against infection."
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