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Portugal’s Comeback Is Only a Start

Bloomberg View, (2017), “Portugal’s Comeback Is Only a Start”, 22 Σεπτεμβρίου

If there’s a symbol of the breadth of the euro zone’s recovery, it’s Portugal. In 2011, it had to accept an international bailout on punishing terms. Today, three years after graduating from that program, growth and confidence have returned. As if to mark the achievement, S&P Global Ratings just raised Portugal’s sovereign rating to investment grade.

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