When it comes to sovereign debt in developed countries, the magic number is 7. If a country’s 10-year sovereign bonds fall so much that they yield in excess of 7%, it is usually considered unsustainable. In January, the Eurozone breathed a sign of relief as Portugal managed to conclude a debt auction at 6.77% … […]
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Tag Archives: portugal
10 Best/Worst Countries for GDP Growth
January 4, 2011 
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It seems the term “PIIGS” (referring to Portugal, Ireland, Italy, Greece and Spain) is quite justified. Not only are these countries loaded up with debt, but their prospects for growth are in the bottom 10 countries globally! It is nice to see so many African nations in the top 10, but they are growing from […]
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Alistair Milne 
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