Portugal next in Line!
With Hellas fairly under control a new ghost is climbing the horizon. Portugal is no longer able to cope with a fall in growth and a growing unemployment rate so trouble is just around the corner. Unlike Spain who started taking measures in 2008/9 Lisbon was continuing as before. Now when they realize the seriousness of the situation it is too late – they will not manage and a default is just around the corner unless they are getting help.
