Hello. This is James Corbett of Corporate Report.com with your Sunday update for this 10th day of April 2011.

And now for the real news. Making headlines this week, fallout from the Bankster-created, derivative-fueled,

worldwide economic crisis spread this week as Portugal became the next European government

to admit it was unable to finance its own unsupportable debt burden.

On Wednesday, the Portuguese Prime Minister admitted that the country is looking for the European

Union to bail out the country to the

tune of 80 billion euros.

Portugal's Prime Minister Jose Socrach has confirmed his country will be asking for an EU bailout.

The announcement comes after his finance minister said on Wednesday that international money would be needed to cope with high debt after failing to raise funds on the international market.

Portugal had resisted asking for a bailout, but it missed its 2010 budget deficit target.

Speaking in a televised address, Sokrich said that he tried everything else and that not

making a decision would put Portugal in unnecessary danger.

He said it was his duty to put national interest above everything else, so he and the

government would be asking the European Commission for financial help.

Although by no means unexpected, the news nevertheless comes as a severe blow to the peoples of

Europe, who will now be forced into even deeper debt to the international banking oligarchy

in the name of debt racked up by politicians to the banksters. Meanwhile, the Finnish finance

minister, a globalist mouthpiece in Bilderberg attendee,

has made it clear that the ruling oligarchy will make this process as hard on the people of Portugal as possible,

promising strict austerity measures as a condition for the bailout.

Some countries don't take care of the public financing that will, that market would be would trust on them also

but we have to do what we have to do and the package must be really strict because

...