Dr. Jack Rasmus explains how Portugal's announced exit from IMF borrowing results in no effect on the real Portuguese economy. Austerity policies for Portugal households continue. Having declined 0.7% in the first quarter 2014, GDP will continue to stagnate or fall, and unemployment, already officially 16%, will continue and deflation will deepen. 300,000 portuguese having left the country will not likely return anytime soon, Jack notes, as the Eurozone economy itself continues its drift to stagnation.