[...]
"Zach Witton, an economist at Moody’s, the rating agency, forecast on Monday that “Portugal will seek assistance from the EU’s bail-out fund by the second quarter of this year at the latest”.
Emilie Gay, European economist at Capital Economics, said that with “government bonds uncomfortably high, Portugal still seems to be the next in line to be forced to accept a bail-out package”.
Portugal’s cost of borrowing on 10-year debt has fallen back from a euro-era high of 7.63 per cent on Thursday amid reports that the European Central Banks was buying Portuguese government bonds again.
But the 10-year yield remains above 7 per cent, a level the government concedes is unsustainable."
[...]
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