Portugal managed to reduce its public debt by more than a third over the past six years, which, combined with the fact that only a small portion of the debt is subject to rising interest rates, creates significant protection against higher financing costs. These two factors act as "shields" that mitigate the impact of rising interest rates on the Portuguese economy. According to the analysis, Portugal's central problem is no longer convincing markets of its fiscal discipline; rather, a different underlying issue is what the country now faces.
Jornal de Negócios04/09/26, 09:15
