Last Thursday and Friday saw stocks aound the world dropped fearing that the economic management of Greece, Spain and Portugal are in bad shape.

Greece is currrently the weakest in the eurozone. Budget shortfall is near to 13% of the GDP. That is way above the 3% limit. Greece economy is expected to shrink 1.1% next year.
Portugal budget deficit rose 2.7% in 2008. Spain is also on target.

Lets see what austerity measures these country will bring. Hopefully it wil give some glimmer of hope to the investors.