One Sunday I went to the Portuguese church here in Whitechapel.
I went in quietly and stood amongst the crowd, but the Vicar obviously had
noticed me. He spoke in Portuguese, but I understood the warm welcome he extended to the Indien visitor. I felt good.
The congregation sung a hymn to Signor Amore, looking skywards. These cheerful and pious people have an immediate relationship with the Saviour.
Regardless of what the ratings agencies say (which is essentially valueable but lagging indicators), I believe that Portugal economy will bounce back, possibly this year, where there seems a growing confidence in Europe.
I hope the European Union can help each other and help Portugal now in its hour of need, especially with regards to the bond yields, which at 18 and 20 percent are punitive, and for what purpose? As a lot of countries got downgraded by the ratings agencies, essentially the differential between nations is not much worse. Hopefully the yields can be reduced, maybe by reducing the margin requirements, so that unnecessary pain can be avoided. In unity and sympathy, things will improve for the whole of Europe, for that I pray.