Portugal nearly out of the doldrums!! GOOD LUCK!!

Portugal fell another rung in the "club" of 10 candidates for bankruptcy 

in a five-year horizon. 

Portugal moved to the 9th position on a scale from CMA DataVision, 

where the lower the better position, the lower the risk of default (default). 

Portugal shifted with Ukraine, which saw its default probability increase significantly.

The risk of Portuguese debt remains stable around 34.5%, 

with the price of credit default swaps (financial derivatives that act as insurance 

against the risk of default, the acronym cds) 

below the critical threshold of 500 basis points, 

as happens since yesterday afternoon. 

On August 1, Portugal was in the 4th place in the bankrupcy "club", 

and presented a risk of almost 52% and the price of CDS were at 841 basis points.

The probability of default of Spain, Italy and Ireland remains low, 

and the three countries remain outside that "club" of bankruptcy, 

which currently houses only three members of the eurozone: 

Greece in the first place (and a risk level that points to an imminent credit event, 

despite the ECB denial that a second debt restructuring is ongoing), 

Cyprus, second in place,  

Portugal in ninth place.  

In July there were six member state from of the eurozone 

(including Ireland, Spain and Italy). However, the Spanish bond yields 

and Italian Treasury bonds are now rising across all maturities.

The portuguese sacrifices and the hard austerity measures implemented 

by the current government of Pedro Passo Coelho 

has brough GOOD NEWS on the financial markets!!!