Your NPR news source

Does Portugal really need a bailout?

SHARE Does Portugal really need a bailout?
Does Portugal really need a bailout?

Prime Minister Jose Socrates says Portugal does not need a bailout.

Michael Reynolds-Pool/Getty Images

Now that Ireland’s agreed to a bailout, analysts worry that Portugal may be next. Notre Dame professor Robert Fishman is a co-editor of the book, “The Year of the Euro.” He argues that fears about the Iberian nation's economy are overblown.

He says Portugal went from a being a dictatorship and European backwater in the 1960s to a modern country by the end of the century. The transformation is especially surprising, since it also had to deal with the collapse of its empire in 1974.

More From This Show