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Portugal Says It Won't Need EU, IMF Aid - Newspaper
DOW JONES NEWSWIRES
Portuguese President Anibal Cavaco Silva believes his country won't need a rescue package from the European Union nor from the International Monetary Fund, reports Spanish newspaper El Pais in its Monday Internet edition, without citing any sources.
He said Portugal and Ireland, which on Sunday applied for aid from the EU and the IMF, are very different, as his country "doesn't have a crisis in the banking system, hasn't suffered from a real-state bubble, and the level of government debt is within the European average," according to the paper.
DOW JONES NEWSWIRES
Portuguese President Anibal Cavaco Silva believes his country won't need a rescue package from the European Union nor from the International Monetary Fund, reports Spanish newspaper El Pais in its Monday Internet edition, without citing any sources.
He said Portugal and Ireland, which on Sunday applied for aid from the EU and the IMF, are very different, as his country "doesn't have a crisis in the banking system, hasn't suffered from a real-state bubble, and the level of government debt is within the European average," according to the paper.