Now Playing

Portugal Struggles To Avoid 2nd Bailout

Portugal's creditors are evaluating the country's latest austerity package, which includes 30,000 public sector layoffs, to determine whether Lisbon might need a second international bailout. The Portuguese government is raising the retirement age and lengthening work weeks to try to squeeze out more revenue, and repay its bailout loans.

Trouble listening? See our technical support page.