Portugal external debt: what is the Portugal government website to check this info ?
What is the Portugal government website to check for Portugal external debt ?
Will Portugal need a bailout ?
Thanks.
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M$2 Answers
http://www.bportugal.pt/pt-PT/Estatisticas/IndicadoresEstatisticosPadronizadosSDDS/sddspaginas/Paginas/extdebt.htm
As for whether they'll need a bailout, the answer is maybe. Portugal is probably the next most likely of the PIIGS to need a bailout after Greece. Like Greece, Portugal has recently had their long term credit rating reduced by Standard & Poor (from an A+ to an A-). S&P thought Portugal will have difficulty turning things around before 2013, if then. However, since S&P downgraded Portugal, Portugal has decided to implement some austerity measures (similar to what Ireland has been doing) to try to get things back under control. It remains to be seen whether Portugal's efforts will be enough to save them from needing a bailout. The market responded positively to Portugal's plan, but some of that may have been related to news about Greece, rather than anything Portugal is doing. Economists are saying that Portugal probably needs to do more to address their problems than what the austerity measures are supposed to accomplish. So, the short term improvement in their bond interest rates may not indicate that they're turning a corner just yet. The indication that they do intend to take measures to improve their situation themselves, rather than waiting for external assistance, will certainly help. Time will tell whether it's enough.
http://online.wsj.com/article/BT-CO-20100427-713789.html?mod=rss_Bonds
http://abcnews.go.com/Business/wireStory?id=10484462
http://www.ft.com/cms/s/0/2511c192-52a6-11df-a192-00144feab49a.html
http://www.ft.com/cms/s/0/c4acfa60-53ef-11df-aba0-00144feab49a.html
http://dsbb.imf.org/Pages/SDDS/DQAFBase.aspx?ctycode=PRT&catcode=EXD00
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M$http://www.portugal.gov.pt/pt/GC18/Governo/Ministerios/MF/Notas/Pages/20100702_MFAP_Com_ROPO.aspx
You have to translate it to english
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