Portugal battles to avoid Greek contagion

A successful auction of short-term bonds on the 15 February 2012 raised hopes that Portugal could avoid contagion from the Greek economic turmoil and focus on reforms aimed at restructuring the economy and avoiding a new financial bail-out.

Article discusses the actions of the Portuguese government to adopt economic reform and fiscal consolidation measures. The ECB/IMB/EC Troika was due in Lisbon on the 16 February 2012 for their third quarterly assessment of Portugal's

ESO: Background information: Portuguese debt looms over Europe http://www.europeansources.info/record/portuguese-debt-looms-over-europe/

Expresso, 14.2.12: Patient is still fragile (via PressEurop) http://www.presseurop.eu/en/content/article/1510261-patient-still-fragile

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