"Portugal under maximum pressure in decisive week", headlinesi, amidst reports that Germany, France and the European Commission are privately urging Lisbon to apply for an EU/IMF bailout. The week ahead could prove crucial for the crisis-stricken country, which is running two debt issues on January 12 with a reference value of between €750 million and €1.2 billion. Analysts argue that if yields on 10 year Portugal bonds, currently at 6.43%, overstep the 7% mark, then a bailout, estimated at between €60 – €80 billion, looks inevitable. The Portuguese government is vigorously denying any pressure from its EU partners. “But if no such pressures exist in private, in public they are very evident on the front pages of newspapers”, the Lisbon daily notes.