Portugal – On the slow road to recovery

All of the recent focus has been on Greece as Europe lurches towards in inevitable crisis but there have been several other European countries who have been really suffering in the past two to three years, Spain, Italy, Ireland and Portugal. I was asked a few days ago by one of my regular readers Rick to have a look at Portugal and today I am pleased to do so. The only problem with Portugal is to know which chart to use since the country has a long colourful history. Because we are looking at modern financial problems, I decided to look at the 1974 Carnation revolution chart, the one formed after the breakdown of Portugal’s overseas empire.