Portugal needs to renegotiate its bailout package or risk social problems spinning out of control soon, a U.N. economist dealing with southern Europe told a local newspaper. The Expresso weekly on Saturday cited Artur Baptista da Silva, coordinator of a group set up by the United Nations Development Programme (UNDP) to monitor debt-ridden southern Europe, as saying Portugal's bailout programme was yielding "very bad results" and some of its terms had to be changed. The government and the lenders insist no change of terms is needed and that the programme is "well on track" towards reducing the public deficit. They ... (full story)