ASSESSMENTS

Europe's Next Crisis: The Economy

Feb 21, 2011 | 13:20 GMT

FRANCISCO LEONG/AFP/Getty Images

Summary

STRATFOR has identified four European countries — Portugal, Belgium, Spain and Austria — that are very likely to need EU bailouts in 2011. We now examine one of the factors likely to cause a financial break in two of these states, Portugal and Belgium.

Periods of economic boom and financial bust have left some EU states facing massive debt loads....

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