Maybe Mr. Santorum was correct when he said not everyone needs to go to college

 If a tree falls in the forest does it make a noise?  Is an honorary degree as good as the one worked for?

Portugal, yes Portugal:

  According to the newspaper, the Portuguese opposition was displeased with Krugman’s comments on the Portuguese government’s austerity drive. The US economist said publicly that he “would do nothing differently from the Portuguese government“. Krugman revealed, however, he was very critical of the austerity measures imposed not only in Portugal, but in most of the European countries as well.

Krugman: No more austerity

Krugman’s remark on the country’s austerity drive came after a series of pessimistic comments were made about Portugal and the fate of the country as it struggles with the current crisis. According to Krugman, Portugal has a “75% chance of staying in the euro“, yet he also stressed he considered the Portuguese situation “much better than that of Greece“. However, to avoid Greece’s fate and entering a recessive spiral, Portugal must resist if more austerity is to be imposed.