Portugal succumbed and has requested an emergency bailout to help with financial issues in the country. Portugal are seeking a package of 75 billion euros ($107 billion), this will need to be financed across the members of the EU and through the International Monetary Fund.
Goldman Sachs are reported today on Bloomberg News that Portugal are the last country likely to need financial bailout. This follows previous requests from both Greece and Ireland.
Despite recent troubles the Portuguese Flag is still being waved with pride across the nation.