Arab Today, arab today portugal says to make clean exit from bailout programme
Last Updated : GMT 00:16:36
Arab Today, arab today
Arab Today, arab today

Portugal says to make clean exit from bailout programme

Arab Today, arab today

Arab Today, arab today Portugal says to make clean exit from bailout programme

Lisbon - AFP

Portugal's prime minister on Thursday gave his clearest indication yet that the country will follow Ireland's example by exiting its 78-billion-euro ($110 billion) international bailout without a credit lifeline. "The path Portugal has followed until now will today allow us to go forward on our own means," Pedro Passos Coelho said during a speech in Lisbon to mark Labour Day. A clean exit for Portugal would mark a remarkable turnaround from a year ago, when the country was gripped by a deep political crisis over its austerity measures that dented investor confidence. Lisbon will officially announce its decision this weekend. Portugal will be the second eurozone nation to emerge from European Union-IMF bailouts, which have forced crisis-hit governments to apply deeply unpopular cuts to rein in bulging public deficits. But unlike Ireland, which exited its bailout in December, the country has already managed to return to debt markets before its aid programme ends on May 17. Lisbon on April 23 took its final step in its return to normal financing in international markets with its first regular issue of long-term debt since 2011. In a sign of improving investor confidence, the yield on Portugal's bonds dropped to its lowest point since 2006 this month at 3.6 percent, down from more than 18 percent at the height of the crisis. "The stars are aligned very much that Portugal will opt for a Irish-style 'naked exit'," said David Schnautz, an analyst at Commerzbank. "Even without explicit support in the form of a precautionary credit line or something similar, in case need be, the implicit support can very likely still turned into an explicit one." The decision comes after representatives of the so-called troika of international creditors -- the International Monetary Fund, the European Commission, the European Central Bank -- finished their final evaluation of the country's compliance with the terms of the bailout. Germany, the eurozone's largest economy, has already made it clear it would prefer Portugal to make an outright exit without any standby loans -- particularly ahead of European elections next month. "I think that Portugal will opt for an exit without a precautionary line of credit," said Pedro Lino, an analyst at Dif Broker. "If the government announced it will rely on a backup programme, it would give ammunition to the opposition to argue that Portugal's efforts have been in vain."

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 portugal says to make clean exit from bailout programme Arab Today, arab today portugal says to make clean exit from bailout programme

 



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 portugal says to make clean exit from bailout programme Arab Today, arab today portugal says to make clean exit from bailout programme

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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