Arab Today, arab today eurozone to pay out last tranche of portugal aid funds in june
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

Eurozone to pay out last tranche of Portugal aid funds in June

Arab Today, arab today

Arab Today, arab today Eurozone to pay out last tranche of Portugal aid funds in June

Lisbon - AFP

 Portugal will receive its last tranche of aid funds form the eurozone inJune, the bloc's rescue fund EFSF said Thursday, as the debt-hit country gets ready toemerge from a multi-billion euro bailout programme. The final disbursement of bailout money amounting to 1.2 billion euros ($1.7billion) was approved on Thursday by the eurozone."As we approve the final EFSF disbursement to Portugal, I am very pleased to see thecountry’s achievements under the financial assistance programme," said KlausRegling, who heads the European Financial Stability Facility (EFSF)."Three years ago Portugal had lost market access. After a painful but necessaryeconomic adjustment the country is now starting to see benefits as imbalances arebeing corrected and credibility has been regained," he added.Portugal had obtained a rescue package worth 78 billion euros three years ago toavert default, after decades of ballooning wages and state spending led to a massivebuild-up of public debt.It is due to exit the bailout package on May 17 after having doggedly carried outreforms including sweeping job, pay and pension cuts required by its creditors.On Wednesday, it breezed through a key bond market test, enjoying sharply lowerborrowing costs compared to the height of the crisis."The upcoming end of the programme is not the end of the reform process. Manychallenges remain," said Regling, adding however that Portugal is now "in a goodposition" to tackle them.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone to pay out last tranche of portugal aid funds in june Arab Today, arab today eurozone to pay out last tranche of portugal aid funds in june

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone to pay out last tranche of portugal aid funds in june Arab Today, arab today eurozone to pay out last tranche of portugal aid funds in june

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday