Trouble In Portugal | Seeking Alpha
- 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