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LISTEN: Inside NATO’s planning for future war Pierre Vandier joins Threat Status

President Joe Biden waits to speak about foreign policy at the State Department in Washington on Jan. 13, 2025. (AP Photo/Susan Walsh) **FILE**

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WITH STORY SLUGGED PORTUGAL HARD TIMES - Luis Sequeira Fernandes, a solicitor who runs one of Portugal's biggest bailiff offices, stands among thousands of processes files in one of the storage rooms of his firm in Alcochete, outside Lisbon, March 12 2012. Fernandes says that when his staff, acting on court orders, pursue assets to convert to cash they are increasingly finding that debtors have nothing left to confiscate. Lenders demanded debt-reducing austerity measures have helped pitch the country into a steep decline, with a second straight year of worsening recession, and record unemployment, prompting the plight of personal bankruptcy for many Portuguese families. (AP Photo/Armando Franca)

Portuguese face crushing debt

By Barry Hatton - Associated Press Shares

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Nuno Pinto is out of work and out of money. He fears losing the family home near Lisbon and going into personal bankruptcy. Portuguese lenders demanding debt-reducing austerity measures have helped put the country into a steep decline, with a second straight year of worsening recession and record unemployment. (Associated Press)

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