Some Portuguese Education Data
Conclusion: Portugal has a long way to go to meet the challenges to be an European developed country. You can talk about bailouts and economic crisis and that sure is important but what Portugal and its governments need is to create a compelling vision and mission for the country, asserting that guidelines and implementation of measures in the society (e.g., Education, State bureaucracy,Justice)are subject of a rigorous process of scrutiny and accountability. Portugal has no margin to fail.
Pictures taken from the good article "A Nation of Dropouts Shakes Europe"