Moody's downgrades Portugal again

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5 April 2011, last updated at 08: 36 GMT cost-cutting measures to reduce the budget deficit proved deeply unpopular credit rating agency of Moody's has downgraded Portuguese public debt level by A3, Baa1, and warned that a further reduction may be required.

This is the second downgrade by Moody's in less than a month and follows fellow Agency standard & poor's cut last week.

Moody's "first and foremost through greater political, financial and economic uncertainty was driven" said his decision.

Make the move increases, the Portugal is forced, questions its European partners for a financial Bail-Out.

Last week, which had granted the Portuguese Government, it missed its budget deficit target for 2010.

A total was 8.6% of the economic performance of the European Union target of 7.3%.

Moody's said that the increased uncertainty in the country increases the risk that "the Government unable to achieve [its] targets ambitious deficit will in the next three years".

Is the Portuguese government debt rose slightly after downgrading to 8.54% of 8.47% on Monday, which raised concerns about his ability, his debt to pay back.

Are these high rates as not up to unsustainable in the long term.

Portugal has not yet called no financial support, but many analysts believe it is only a matter of time before it is forced to do so, as the country economic situation worsens and increases the cost of borrowing in the markets.