The Multilateralist

The Portugal bailout approaches

Just a reminder that Portugal is sliding toward an international bailout: Fitch is likely to cut Portugal’s credit rating soon if it does not ask for an EU/IMF bailout, while the EU’s new bailout fund puts increased pressure on Greece‘s junk rating, the firm said on Wednesday. The next round of the European debt crisis ...

Just a reminder that Portugal is sliding toward an international bailout:

Fitch is likely to cut Portugal’s credit rating soon if it does not ask for an EU/IMF bailout, while the EU’s new bailout fund puts increased pressure on Greece‘s junk rating, the firm said on Wednesday.

The next round of the European debt crisis could hit just as the West is figuring out what kind of stabilization force it needs in Libya. How willing will European taxpayers be to foot the bill for that?

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