Portugal: Additional official funds will be required when current program ends | Eurobank
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Portugal: Additional official funds will be required when current program ends

• Additional funding seems unavoidable when the Portuguese bail-out program terminates in June 2014. It is a close call whether a precautionary line will suffice or the country will need to resort to a second bail-out program.
• Political cohesion and perseverance on implementation of structural reforms remain critical factors for the country’s ability to avoid a second bail-out program. However, social fatigue, the fragility of the government coalition and negative constitutional court rulings pose risks to continued reform implementation...