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Why Portugal is different from Greece in 2012-2013, and yet may find its debt unsustainable as the economy shrinks- the situation in 2012-2013

04/30/2010

Portugal is taking vigorous steps without social unrest, including spending cuts that will stabilize the deficit, labor reform, and increasing exports through trading links to Africa and Latin America. Portugal needs to borrow about 10 billion euros in 2012 and the ratings downgrade has hurt Portugal by raising rates on new borrowing to about 20%. The economy is expected to shrink by 3% in 2012.

Grouped Articles

Ratings Gag Is No Joking Matter

Wall Street Journal 07.12.2011

Greece Gets New Bailout as U.S. Nears Brink

Wall Street Journal 07.22.2011

Portugal Returns to Bond Market

Wall Street Journal 05.08.2013

Idea of Euro Exit Finds Currency in Portugal

Wall Street Journal 05.27.2013

The Next Global Problem: Portugal

New York Times 04.30.2010

Portugal Emerges From Recession

Wall Street Journal 08.15.2013

Portugal Unveils Toughest Austerity Budget Yet

Wall Street Journal 10.16.2013

Portugal's public finances: The apology of Sócrates

Economist 10.23.2010

Portugal Taps Bond Markets

Wall Street Journal 02.11.2014

Portugal's Shoemakers Bet on Quality

Wall Street Journal 03.08.2014

Portugal, Ireland Make New Forays Into Capital Markets

Wall Street Journal 07.02.2014

Portugal on Road to Recovery Post-Bailout, But Scars Remain

Wall Street Journal 07.20.2015

Lisbon Losing Control of Financial Destiny

Wall Street Journal 01.31.2012

As Talks in Greece Continue, Investors Now Worry About Portugal

New York Times 02.01.2012

Portugal’s Debt Efforts May Be a Warning for Greece

New York Times 02.14.2012

6 European Nations Get Downgrades

New York Times 02.13.2012

INTERVIEW: Ifo's Sinn: In Greece's Interest To Leave Euro Zone

Wall Street Journal 02.17.2012

Austerity Debate a Matter of Degree

Wall Street Journal 02.17.2012

Pain Without Gain

New York Times 02.19.2012

Portugal Needs the Luck of the Irish

Wall Street Journal 02.29.2012

Portugal's Economic Ills Deepen

Wall Street Journal 03.10.2012

Portugal May Need a Plan B

Wall Street Journal 03.20.2012

For Portugal, Moment of Truth Nears

Wall Street Journal 03.29.2012

Court Ruling Disrupts Portuguese Bailout Plan

Wall Street Journal 07.07.2012

Portugal's Outlook Dims, OECD Says

Wall Street Journal 07.26.2012

Weaker Euro Aids Region's Exporters

Wall Street Journal 08.02.2012

Pension Uproar Sours Portugal's Recovery

Wall Street Journal 09.23.2012

Portugal Gears Up for Tax Increases

Wall Street Journal 09.24.2012

Budget U-Turn Scuttles Portugal Plans

Wall Street Journal 09.25.2012

European Central Bank’s Leader Sees Progress in Tough Times for Euro Zone

New York Times 10.09.2012

Portugal Advances Unpopular Budget Plan

Wall Street Journal 11.01.2012

Merkel Vows Support for Portugal

New York Times 11.12.2012

Euro-Zone Bonds Find Favor

Wall Street Journal 01.23.2013

A Nation of Dropouts Shakes Europe

Wall Street Journal 03.25.2011

Portugal Is Next Nation in European Union's €˜Debt Trap

New York Times 04.08.2011

Government Sees Deep Recession Ahead for Portugal

New York Times 05.05.2011

Moody’s Cuts Portugal’s Debt to Junk Rating

New York Times 07.05.2011

Portugal to Seek New Bailout Terms

Wall Street Journal 03.04.2013


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