How Powerful Is Portugal?

How Powerful is Spain?

Grouped with the EU’s struggling economies, Portugal has been able to pay 22% of its IMF bailout. So just how powerful is Portugal?

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Portugal says it has paid back 22 percent of IMF bailout loans
“Portugal has started repaying its bailout loans from the IMF, reimbursing 6.6 billion euros (4.7 billion pound), or 22 percent of the total owed, in the past week thanks to record-low bond yields, the state debt agency IGCP said on Thursday.”

IMF to Portugal: You’re not off the hook yet
“The Portuguese have been warned: recovery is on track, yes – but it’s still not enough.”

In Portugal, Taking a Long View on Cork
“We spent Christmas in a cabin on a hillside in the cork oak forest that clothes much of southern and central Portugal. ”

Music Track Courtesy of APM Music: Automations

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