'The Portuguese will need some money sooner or later, I think it is quite likely,' Gros said at a briefing in Brussels, mentioning 100 billion euros as a ballpark figure.
Portugal's gross external debt - a measure of its vulnerability to default - reached 226 per cent of its gross domestic product (GDP) in the third quarter of 2009, Gros stated.
Greece's was 167 per cent, Spain's 164 per cent, Italy's 121 per cent, while in Hungary it rose to 141 per cent in 2008, the year the country was bailed-out by the European Union and the IMF."
Portugal's gross external debt - a measure of its vulnerability to default - reached 226 per cent of its gross domestic product (GDP) in the third quarter of 2009, Gros stated.
Greece's was 167 per cent, Spain's 164 per cent, Italy's 121 per cent, while in Hungary it rose to 141 per cent in 2008, the year the country was bailed-out by the European Union and the IMF."
via "Cachimbo de Magritte"
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