With focus back on debt-laden Greece and its stalled debt-deal talks, eyes are rolling now on Portugal, being the next country to face market scrutinization should Greece get an accord on its second bailout.
Portugal, the tenth-largest economy in Europe, was said to have discreetly approached advisors on options to restructure its debt after Greece, according to a story by IFR, a Thompson Reuters news and analysis service.
Conversely, that plan was denied by the Portuguese Government on Monday. This story is not true, it is groundless, a spokesman for the prime minister told Reuters. Anyhow, the IFR report said Portugal had not named any firms for such task.