• 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