A great report in the FT’s Brussels blog says Portugal has until about June to convince markets that it doesn’t need more assistance. With 10-year yields still above 12%, it’s a long-shot at best.
The September 2013 Portuguese funding crunch is something I have been talking about for awhile.
Update: Now there is chatter about a Morgan Stanley report today saying the same thing, that Portugal will likely need a bailout before September.
