Fitch: Portugal Is Bad, But It's Not Greece

Fitch’s Paul Rawkins explained to CNBC this morning that, while Portugal has been downgraded, it is in a completely different situation than Greece.

  • :40 Portugal’s economic plan is realistic, but the economy may not perform well enough
  • 1:10 This is a medium term problem for Portugal
  • 2:30 Portugal’s funding in a much different position to Greece

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