Which Papa do you prefer?

Despite the assistance provided by the International Monetary Fund, the Portuguese people invaded the Palace Square in Lisbon on Saturday, to protest against the latest round of economic restrictions. It should be noted that this wave of demonstrations was attended by some 300,000 people, only a few days before reviewing the bailout plan occuring every three months by creditors.

Today the Greek parliament will vote on the austerity measures plan, which has been contested since its inception by the Greek population whose voice is also heard through trade unions in the streets of Athens, without regards to the resignation of six ministers. This is, therefore, a decisive weekend for Greece.

Following the announcement lowering the Italian credit rating, Standard & Poor’s degraded 34 transalpine bank notes.

In the United States, U.S. President Barack Obama released the budget plan for 2013. Amid the budget forecast, $800 billion will go to infrastructure upgrades, while USD 350 billion will be set aside for creating new jobs.

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