Indebted Portugal is still the problem child of the eurozone

``In further worrying signs that the recovery has already lost steam, Portugal's unemployment rate crept back up to 13.7pc in the first quarter of the year, up from 13.1pc in late 2014. Since the IMF's assessment, joblessless has fallen back to 11.9pc in the three months to June. ... Last year, the government was forced to inject €5bn to stave off a collapse of Portugal's biggest lender - Banco Espírito Santo. But the country's financial system continues to be plagued by rising "bad" non-performing loans which grew by 12.3pc in the first three months of the year. ''