Portugal is Not Greece Says Credit Suisse

Not a repeat of “Greece 2012”. The resignation on Tuesday of the Portuguese Foreign Affairs Minister (and leader of the junior coalition party) has opened up a serious political crisis in Portugal. Political uncertainty is likely to be sustained for some time, and there may well be elections in September. But the current situation is not a repeat of “Greece 2012”, says Christel Aranda-Hassel of Citigroup in a new note titled . . .

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