Showing posts with label Portugal CDS. Show all posts
Showing posts with label Portugal CDS. Show all posts

Saturday, January 18, 2014

18/1/2014: Portugal 'doin Dublin' or going for broke?


A very interesting interview with David Slanic, CEO of Tortus Capital Management LLC on Portugal's sovereign debt sustainability and the need for further debt restructuring.

http://janelanaweb.com/trends/portugal-needs-a-national-salvation-pact-with-a-short-mandate-to-restructure-the-sovereign-debt-david-salanic-tortus-capital/

Is Portugal really that close to restructuring as to pre-borrow reserves forward? Or is it pre-borrowing to do what Dublin did and exit in H2 2014 with no precautionary line of credit?..

Signals from the CDS markets? No evidence of serious markets concerns so far...