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Portugal needs to switch to a knowledge-intensive economy to overcome the current crisis.
EU finance ministers agree to grant both euro countries seven more years to repay their bailout loans.
Austerity programmes, lay-offs and debt mean poverty is rising as people struggle to meet their basic needs.
West African nation barred from regional bloc a week after military leaders seized power in a coup.
The decriminalisation of drugs in Portugal has been a success, but austerity measures may threaten drug treatment.
Agencies attribute downgrade to increased risk and a likelihood of less state support in a future crisis.
Move marks turnaround after Lisbon resisted asking for aid for months despite sharply deteriorating financial situation.
Portugal likely to become the third eurozone country to need a bailout after prime minister quits over austerity plan.
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