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Portugal’s debt

World news about “Portugal’s debt” published by euronews.

NEWS + | 15/05 18:37 CET

Portugal weighs prizes and pain of four years of austerity

Portugal weighs prizes and pain of four years of austerity

Portugal quit its 78-billion euro bailout scheme last May, having signed up to a rescue plan in 2011 as its borrowing costs soared. By 2012 they stood at 18%. Today they are at 2.5% and GDP is forecast to grow in 2015 by 1.6%. But are people feeling better off? The Troika…