PSI clock ticks for Portugal as bond markets slam shut

By Tessa Wilkie
05 Jul 2013

The Republic of Portugal’s capital markets future is on a knife-edge. A political falling out over the implementation of Portugal’s austerity package that surfaced this week could kill off the sovereign’s hopes of regaining market access before it needs to renegotiate an exit to its bail-out programme, even if its government manages to survive.

If the worst comes to the worst, the political turmoil could herald a new deal with the Troika (the IMF, the European Union and the European Central Bank) with a full cash bail-out and either private sector involvement (PSI) or a bail-in of the country’s assets. 

Portuguese bond ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.