Portugal’s borrowing costs rise

Author (Person)
Series Title
Series Details 16.4.11
Publication Date 16/04/2011
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Portugal’s borrowing costs rose to new euro-era highs on the 15 April 2011 in spite of the government meeting a €4.4bn debt repayment on schedule and reducing state spending by almost €1.75bn in the first quarter of 2011.

European Union and the International Monetary Fund officials were in Lisbon to negotiate a fiscal adjustment programme and economic reforms in return for an €80bn bail-out package.

Related Links
Deutsche Welle, 18.4.11: Lisbon and Brussels thrash out details of rescue package http://www.dw-world.de/dw/article/0,,14996315,00.html
BBC News, 18.4.11: Portugal bail-out: High-level talks to set terms http://www.bbc.co.uk/news/world-europe-13111910
ESO: Background information: Finland may block Portugal bailout, official warns http://www.europeansources.info/record/finland-may-block-portugal-bailout-official-warns/

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