Dr Doom: Portugal likely to need bailout

While Portugal currently denies it needs international funds, Roubini says both Greece and Ireland had a similar stance before their respective bailouts, Reuters reports. "It (a bailout for Portugal) is becoming increasingly likely," Roubini told Diario Economico. "Like it or not, Portugal is reaching the critical point. Perhaps it could be a good idea to ask for a bailout in a preventative fashion." Roubini believes Spain must look to address its own problems however, as Europe has insufficient funding to bailout the country. "Spain is too big to fail and too big to save," Roub...