LISBON—Just four years ago, Portugal was under the thumb of international creditors. Its banks were teetering, unemployment was near 18% and tens of thousands of Portuguese were leaving the country. Now, the country is one of Europe’s hottest stars, with tech startups mushrooming, foreigners taking up residence and investment pouring in. In mid-September, Standard & Poor’s even raised Portugal to investment grade from junk—a crowning achievement for a country that came within a hair’s breadth of default in 2011 and had...

Source: Wall Street Journal October 04, 2017 13:52 UTC