Saturday, February 19, 2011

CONCERNS ABOUT PORTUGAL'S ABILITY TO FUND ITSELF


(Reuters) - Portugal must stick to its deficit reduction targets and implement more promised economic reforms to convince markets it is able to service its debt and does not need outside aid, European Union policymakers said on Saturday.


European Central Bank President Jean-Claude Trichet and EU Monetary Affairs Commissioner Olli Rehn, asked whether Portugal would be the next euro zone country to need an EU/IMF bailout after Greece and Ireland, said the ball was in Lisbon's court. REUTERS 

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