European Economics

European Economics Update
15 February, 2012

Would a second Portuguese bail-out involve PSI?

Portugal has made some progress in reining in its huge budget deficit, but it appears inevitable that it will need another rescue package. While there is a good chance that any new deal will not be contingent on some form of debt restructuring, we think Portugal will eventually default....

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article

Log in



Follow @CapEconEurope

New Book

The Trouble with Europe

by Roger Bootle

"Right on every count"
The Guardian

Buy now on Amazon

Get the App

The Capital Economics app is a new way for clients to keep up to date with our latest research.