Portugal Set to Be Europe’s Next Bailout, Nomura’s Newton Says
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Portugal will probably be the next country in Europe to receive aid as it struggles to finance its debt in 2011, said Alastair Newton, senior political analyst at Nomura International Plc.
“The country is going to be bailed out early next year, by March at the latest,” he said in an interview in Milan today. Portugal will follow Ireland in tapping the European Financial Stability Facility, London-based Newton predicted, referring to the rescue fund known as the EFSF.