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Portugal: Peripheral nerves

Encherto:

…"

The so-called “peripheral” economies of south and west Europe – Spain, Portugal, Ireland and Greece – have all been at the mercy of the international markets since the start of the financial crisis, although the relative standings of different countries are constantly changing. As recently as May, Spain, with an economy six times the size of Portugal’s, was seen as teetering on the brink of default. But after successive austerity plans it has graduated from its association with Portugal and Ireland, and is now usually bracketed with Italy in terms of risk. Ireland was lauded for the harshness of its austerity measures until investors decided those were crushing prospects for growth – and until the full gravity of the country’s banking losses came to light."…


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http://www.google.com/search?q=Portugal ... =firefox-a
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