Coelho: Portugal will completely withdraw aid scheme

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Economy

06.05.2014, 11:28

Portuguese Prime Minister Coelho (Pedro Passos Coelho) Monday (May 5) speech that Portugal will follow the footsteps of Ireland, in the case of credit arrangements do not seek preventive exit a three-year international aid projects, Wantenews.com reported.

Coelho: Portugal will completely withdraw aid scheme

YEREVAN, May 6. /ARKA/. Portuguese Prime Minister Coelho (Pedro Passos Coelho) Monday (May 5) speech that Portugal will follow the footsteps of Ireland, in the case of credit arrangements do not seek preventive exit a three-year international aid projects, Wantenews.com reported.

'The government decided that we would not seek to withdraw from the case of the financial assistance program of preventive arrangements,' Coelho during the 4th meeting with the Cabinet said in a speech in Lisbon after euro zone finance ministers will discuss the issue when the Portuguese meeting in Brussels today.

Portugal last month in 2011 to the European Union and the International Monetary Fund [microblogging] (IMF [microblogging]) apply for 78 billion euros (first bond auction of 1,080 million dollars in aid since the international aid projects to be May 17 period.

Earlier, Ireland, Spain and other countries have successively return to the bond market, when the 'PIIGS' has only Portugal and Greece are still receiving financial assistance of the EU and the IMF. –0--

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