"Kenneth Rogoff's partner-in-crime in the book This Time is Different, Carmen Reinhart, has no doubt that the Portugal situation will wind up like situation in Greece and Ireland. During a recent interview, Reinhart, a fellow at the Peterson Institute for International Economics, said that Greece, Ireland, and Portugal would not be able to avoid the restructuring of their debt..."
at http://www.businessinsider.com/carmen-reinhart-eurozone-restructuring-2011-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
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