Fri, 27 Jan 2012 11:20:37 GMT
Portugal is unlikely to default
Portugal faced increased pressure from investors as they expect the country to be the next to default. The yield on 10-year sovereign bonds soared above 15%, the record high level in the Euro Zone. The country's credit rating was downgraded to selective default by Standard's & Poor's two weeks ago. However, Portugal has started to make progress towards debt crisis