As it was informed by "Market Leader (US)"
Will EU save Portugal from default?
Previously numerous experts form Masterforex-V Academy continuously warned the readers of Market Leader that the global economic crisis was far from being over. The disease hasn’t been 100% cured. Consequently the relapse is inevitable. Market Leader previously published some pessimistic forecasts concerning the “sick economies” of some EU countries. The forecasts start coming true.
Is Portugal really under threat?
Portugal has already become the 3rd EU state (after Greece and Ireland) to ask the EU authorities for financial aid:
· The amount. The Portuguese authorities say they need €75B.
· Numerous experts assume that the EU will eventually have to lend some part of the money to Portugal. Otherwise the collapse of the Portuguese economy may provoke the default in the neighboring Spain, which would be a heavy blow for the entire EU economy.
What really happened to Portugal?