{"id":529665,"date":"2010-04-16T06:16:25","date_gmt":"2010-04-16T10:16:25","guid":{"rendered":"http:\/\/www.businessinsider.com\/next-in-the-crosshairs-portugal-2010-4"},"modified":"2010-04-16T06:16:25","modified_gmt":"2010-04-16T10:16:25","slug":"next-in-the-crosshairs-portugal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/529665","title":{"rendered":"Next In The Crosshairs: Portugal"},"content":{"rendered":"<p><em>The New York Times<\/em> has a good piece <a href=\"http:\/\/www.nytimes.com\/2010\/04\/16\/business\/global\/16escudo.html?ref=business\">bringing you up to speed<\/a> on wha could be the next crisis zone inside of Europe: Portugal.<\/p>\n<p>Here are the numbers:<\/p>\n<p style=\"padding-left: 30px;\">Portugal&rsquo;s debt, at just under 90 percent of gross domestic product, is lower than Greece&rsquo;s 113 percent level. The government in Lisbon has taken pre-emptive steps to cut spending and raise taxes.<\/p>\n<p style=\"padding-left: 30px;\">Portugal&rsquo;s financing needs for the year, while high at 24 billion euros, or $32.7 billion, are not as onerous as Greece&rsquo;s. On Wednesday, the government was able to raise two billion euros comfortably on the bond market.<\/p>\n<p style=\"padding-left: 30px;\">But Tim Lee of pi Economics, a consultancy based in Stamford, Conn., said a country&rsquo;s savings rate, more than its deficits or debt-to-G.D.P. ratio, is the best measure of an economy&rsquo;s ability to pay down its debt.<\/p>\n<p>So sure, Portugal could survive with the right combination of luck and implicit backing.<\/p>\n<p>But the trend is against you, as demographic and other structural problems continue to eat away at government finances across the continent.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/04\/16\/business\/global\/16escudo.html?ref=business\"><strong>Read the whole story &gt;<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/next-in-the-crosshairs-portugal-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/xsSLSMeAFnE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times has a good piece bringing you up to speed on wha could be the next crisis zone inside of Europe: Portugal. Here are the numbers: Portugal&rsquo;s debt, at just under 90 percent of gross domestic product, is lower than Greece&rsquo;s 113 percent level. The government in Lisbon has taken pre-emptive steps [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-529665","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=529665"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529665\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=529665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=529665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=529665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}