Hey!

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,

follow up from the Banks' 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 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 addressed, Socrates 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

...