portuguese national spending

Can Portugal Avoid a Bailout by Selling Billions in Bonds?

In a key test of whether it will be able to raise the %u20AC20 billion it needs to avoid a bailout, the Portuguese government hopes to sell %u20AC1.25 billion in a bond auction Wednesday. Will Portugal end up following the path of Ireland and Greece?

S&P May Downgrade Portugal's Credit Rating

Portugal's credit rating may be on its way down. Standard & Poor's warned Tuesday that a downgrade may be coming based on the government's failure to create policies that will boost productivity and cut the country's deficit.