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Wow! Good news from Portugal, according to this in-depth analysis from Business Week. As one of the PIIGS, Portugal had been widely tipped for economic meltdown, but with labour and other costs now on the decline, an export-led recovery appears to be underway. And much of it seems to be centred on the southern port of Sines, where the Singapore port operator PSA has developed a container terminal that is being increasing utilised by Mediterranean Shipping Co. A case-study for the future of the Eurozone perhaps?