Thought this would be worth mentioning. The Government got shot down in its effort to avoid defaulting on its debt obligations through tax raises and cutting government expenditures by 20% (Read: pensions). Election coming up in May I believe to replace the Socrates gov. Increased difficulty from the government in raising additional capital through free markets as their Bond interest hits an all time high of ~12 % has only made things worse. The result is some analysis saying Portugal will need a bailout from the European Union or IMF in the tune of 75 to 125 billion euros. Now while the situation is difficult it is better then Greece, and better then Ireland based on recent information that was released today. Interestingly enough, Brasil ex president. Mr. Lula told Portugal to reject IMF bailout. Their current female president even said Brasil could lend a helping hand to Portugal. http://blogs.forbes.com/afontevecch...on-faces-downgrade/?partner=relatedstoriesbox The tight macroeconomic policies that IMF usually impose never really help the smaller economic countries. Also, something to note, Portugal's growth rate over the past years has been stagnate at around 1 %. Whats your guys take on this? Use IMF, or Brasil?