NEW YORK—Portugal's prime minister on Saturday said the country's economic contraction would be worse than expected in 2012 as a result of a slowdown in the global economy.
Pedro Passos Coelho, who became prime minister in June, also expressed concern about the prospect of a Greek default. "I do not wish a default, organized or disorganized, for Greece," he said in an interview. "But if it happens, Portugal and Ireland are both on the front line," with Spain and Italy "on the second line."
Saturday, 24 September 2011
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