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Trouble In Portugal | Seeking Alpha

January 12th, 2016 · No Comments

  • Just like Greece before it, Portugal is running into the economic and political constraints of being a eurozone member.
  • A political crisis looms as the Portuguese president has refused to grant the Left Bloc, which won the elections, the right to form a government.
  • Although he probably made the right economic judgement, democracy is shoved under the carpet.
  • A severe political crisis seems all but unavoidable, and this could easily derail a still very fragile recovery with considerable risks for eurozone stability.

Source: Trouble In Portugal | Seeking Alpha

Tags: ASML · Eurocrisis · Portugal