, Columnist
More Risk From Portugal
Portugalâs budget for 2013 may fall apart, and with it the Portuguese government.
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The euro area has had a rough few weeks: Cyprus agreed to a bailout program that will decimate its economy, Italy's Pier Luigi Bersani, the Democratic Party leader, failed to put together a government, borrowing costs for businesses in the peripheral countries continue to rise, unemployment reached record highs, and purchasing manager indices across the region greatly underperformed expectations.
There may be one more piece of bad news to add to the pile before the week is out: Portugal's budget for 2013 may fall apart, and with it the Portuguese government.
