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 ...

By , a professor at Indiana University’s Hamilton Lugar School of Global and International Studies.

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

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?

David Bosco is a professor at Indiana University’s Hamilton Lugar School of Global and International Studies. He is the author of The Poseidon Project: The Struggle to Govern the World’s Oceans. Twitter: @multilateralist

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