“Portugal, after Greece, is the weakest link in the eurozone,” said Antonio Roldán of the Eurasia Group, a risk consultancy.
After falling to record lows in recent months, Lisbon’s borrowing costs last week hit their highest point this year as tensions between Athens and its creditors increased. Swiss bank UBS forecasts that borrowing costs could double if Greece leaves the euro, putting renewed pressure on Portugal’s still fragile public finances. (…)
“Portugal is regarded as the riskiest credit in Europe after Greece,” said Lyn Graham-Taylor, a fixed income strategist at Rabobank. “It has a high debt to GDP ratio, it was subject to a bailout and it doesn’t have the economic power of other indebted countries like Italy.”
If Greece defaults on its debt, investors fear a repeat of the eurozone crisis.
Mas, como seria de esperar, a direita mais estúpida da Europa saliva e acaricia-se a pensar no Grexit.