Episode 400 • • 2:16:15 - 2:18:37
400: This is How We Spin
Portugal Austerity Measures and Eurozone Debt
Portugal has ratified a EU pact for tighter budgetary discipline, becoming the second country after Greece to do so. The country faces a debt-to-GDP ratio of 115% and rising unemployment, projected to exceed 14%. The hosts predict that Spain will be the next country to require a bailout despite official denials.