Fitch’s Paul Rawkins explained to CNBC this morning that, while Portugal has been downgraded, it is in a completely different situation than Greece.
- :40 Portugal’s economic plan is realistic, but the economy may not perform well enough
- 1:10 This is a medium term problem for Portugal
- 2:30 Portugal’s funding in a much different position to Greece
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See Also:
- Greece Has A Completely Unrealistic Rescue Plan For Itself
- The New Rift In Europe: France And Germany Increasingly At-Odds Over Greece And EU As A Whole
- The Final Showdown: Greece Gives Germany A One Week Deadline To Come Up With Bailout