Well maybe, but We are probably stronger in Europe than not. Iceland being a case in point. Our main problems here are home grown. the banking sector and loose lending, greedy property developers and light touch regulation. Yes there are external factors but the bulk of the money being drawn down from the IMF will go into a black hole to fix the banks. And people who aren't even born yet will have to pay for it. I just hope our idiot of a prime minister hasnt infected Portugal with his dithering. He'll be gone by next week or i'll drive a cement truck through government buildings, ha.