Over the last few years the Portugese economy has been striving to recover a level of economic normality.
In March, Moody’s, rating agency announced it was maintaining a junk rating for the country’s sovereign debt, with further examinations again in May and September.
So what was the outlook? Has Portugal been able to regain some stability?
I spoke to Senior Vice President and lead analyst for Portugal at Moody’s Investors Service, Kathrin Muehlbronner in March, and started by asking her whether Portugal was heading in the same direction as Greece.