Family Holidays to Portugal

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Portugal Family Holidays

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Portugal's economic future in limbo
The situation in Portugal remains uncertain as the government, economists and investors take opposing views. The government is optimistic, economists expect a haircut, and investors are cautious.

Portugal Says It's Not Considering Restructuring Debt
Portugal has not sounded out advisers on options to restructure its debts after Greece, the government said on Monday, denying a story by IFR. "This story is not true, it is groundless," a spokesman for the prime minister told Reuters.

Portugal Needs ECB Action to Avoid Greek Fate, De Grauwe Says
Portugal will follow Greece into debt restructuring unless the European Central Bank steps up purchases of its distressed bonds, said Paul De Grauwe, a professor at the Catholic University of Leuven in Belgium.

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