Portugal Draft MoU

Via FT Alphaville, here‘s a draft copy of Portugal’s “Memorandum of Understanding on Specific Economic Policy Conditionality.”

Portuguese Bailout Request, ECB Rate Hike

Clearly these are important. No we’re not ignoring them. I guess none of our blog alumni have anything profound to say about these two predictable events over and above what we’ve already said. Still, here’s a thread for our commenting contingent to explain to us what it all means.