Portugal is posing new problems for the European single money zone in heading the way of Greece – despite the tiny size of its economy in comparison to the Eurozone, the announcement by the Lisbon government that the country had suffered a tripling of its budget deficit during the first two months of 2012 was not the best news for Brussels and Berlin.

Markets, however, have not thus far seemed to take note – according to The Wall Street Journal‘s online service from rati...

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