16 April 2010

PORTUGAL: Will Investors Continue To Test Germany's Stomach For Rescuing The Euro?

NYTIMES/ Landon Thomas/    "It all raises the prospect that the loan package for Greece, the result of months of political haggling, may be nothing more than a bandage on a wound that shows little sign of healing. Some analysts think the Greek bailout may have an opposite, more harmful long-term effect. Instead of ushering in a period of lower rates and market calm, it could prompt investors to test Europe’s — and in particular Germany’s — stomach for a rescue of other troubled European economies, beginning with Portugal."