The Traderszone Network

Published in TZ Latest News 25 October, 2015 by The TZ Newswire Staff

The mess in Portugal is negative for debt sustainability

Portugal’s election on 4 October was inconclusive, without any party winning an absolute majority of the votes. The President of the country, a former Prime Minister, allowed his own party, led by incumbent Prime Minister Pedro Passos Coelho to form a new minority government as has been done in the past. However, the way he has gone about doing so has created a controversy, which has made Portugal the new focal point of the still virulent European sovereign debt crisis.

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