Portugal: Only €4 Billion In Cash Vs €20 Billion In Bond Maturity And Deficit Outflows In 2011

Flashback: - Prof. Nouriel Roubini Tells Portugal To Seek Bailout, Spain ‘Too Big To Bail Out’: Nouriel Roubini, the US economist, said Portugal should consider asking for a bailout before its financial plight worsens as the euro fell after the €85bn Ireland bailout failed to ease eurozone debt fears. However, he said neighboring Spain, Europe’s [...] continue reading world news