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Portugal passes bailout test

06-05-2012 09:35 BJT

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Portugal will receive another batch for its 78-billion-euro bail out programme. Its finance minister said on Monday the government will stick to the package and press ahead with economic reforms. The country has so far received about 75 percent of the promised bailout funds from the EU and the IMF.

Portugal is already enduring its third recession in four years, with the government expecting a 3.1 percent contraction this year. Analysts predict Lisbon may seek more emergency funding, despite the government’s denial of such possibility.

 

 

Editor:Zhang Rui |Source: CNTV.CN

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