| Author (Person) | Wise, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 28.4.10 |
| Publication Date | 28/04/2010 |
| Content Type | News |
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Fears that the Greek debt crisis could spread to Portugal grew on the 27 April 2010 after the country’s sovereign debt rating was downgraded for the second time in less than a month. Doubts over the timing and size of a joint euro zone and International Monetary Fund rescue package for Greece have heightened concerns over large fiscal deficits in Portugal and Spain, sending borrowing costs higher. On the 28 April 2010 the Portuguese government said it would immediately implement austerity measures initially planned for 2011 in an effort to regain the confidence of international financial markets. |
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| Countries / Regions | Portugal |
