A vote on the government’s program will likely take place Tuesday.
Additionally, Portugal’s only investment-grade credit rating will be scrutinized Friday by credit agency DBRS.
Rainer Guntermann at Commerzbank, warned “rating jitters are also on the rise for Portugal.” If Portugal’s debt is downgraded, the country may be barred from the European Central Bank’s quantitative easing program.
Global X FTSE Portugal 20 ETF
For more information on the Portuguese market, visit our Portugal category.
Max Chen contributed to this article.