Portugal is apparently resisting calls to accept a EU bailout, joining Greece and Spain in attempting to ward off the Grim Reaper. EU officials view a bailout as securing the euro and centralizing EU power over member countries, while EU nations are attempting to avoid the shame and obligation accompanying a bailout. But it is far from certain that proposed austerity measures will either be adopted or sufficient.

For a sobering and sensible take on the EU, try this clip of the indefatigable Euroskeptic, Nigel Farage (h/t Powerline):