Investors switch debt focus to Portugal

http://www.euronews.net/ Portugal has become the next big worry for investors who see it as following Greece into debt trouble.




The feeling in the market is that Lisbon will need a second bailout to avoid a default.




The result is a sell-off of shares and a sharp increase in borrowing costs for the Portuguese government.




Lisbon cannot afford to pay such high interest rates and so will be shut out of capital markets for the forseeable future.

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News & Politics

Tags:

• euronews
• economy
• Crisis
• Portugal