Craven Capital » PIIGS http://cravencapital.com Smart Asset Management Mon, 01 Aug 2016 15:34:57 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 A September to Remember (Cont.)….Portugal. http://cravencapital.com/a-september-to-remember-cont-portugal-2/ http://cravencapital.com/a-september-to-remember-cont-portugal-2/#comments Fri, 31 Aug 2012 14:18:23 +0000 bmacnish http://cravencapital.com/?p=465 What a surprise?

Portugal is starting to slip on its fiscal targets.  Who could ever have thought that this might happen?

So….should we expect Portugal to begin negotiations on a second bailout package?

We expect so.

Portugal is meant to return to the markets in 2013 but, with 10 year bond yields pushing 9.5%, who are they kidding?  Isn’t 7% supposed to be the point of no return?

At least it’s nice to know that the P in PIIGS will be there for a while longer yet

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