BothPortugal and Cyprus are insolvent despite EU claims that the economy in thesecountries is stable, according to a new report from the French investment bankNatixis, which was featured in the EuObserver.
Thereport, which was published Tuesday, says the EU’s decision makers are notwilling to acknowledge the actual situation because they fear this could provecontagious to other EU country economies.
Natixix statedthat stabilization mechanisms are lacking in the euro zone.
NorwegianSeafood Council representative in Portugal, Christian Bue Nordahl, says theeconomic situation affects people’s inclination and opportunities to makepurchases.
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