Portuguese food sales in retail settings are down 8.6% in the first quarter of 2012. (Warning: link is in Portuguese. Americans, beware, there are people who speak other languages who also discuss important topics.)
FOOD SALES OFF TEN PERCENT IN A 12 WEEK PERIOD. Not iPads. Not vacation condo rentals. FOOD SOLD IN STORES.
Sure, maybe they are growing more gardens – but that portends Big Things in the Eurozone. You heard it hear first.