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Continuing on the topic of the Euro bailout scene, attention of the "bond vigilantes" now shifts to troubled Portugal.
Its government led by Prime Minister José Sócrates (pictured) is divided and stalemated. Recently, it allowed spending to increase well above promised levels and without needed structural reforms.
“The difference from Ireland is that we are in the middle of a financial crisis, but also a political crisis,” said editor Ricardo Costa.
Portugal’s problem is different from Ireland's. Its banks are not troubled but it has high debts and low growth, and public and private debt is considerable.
