The Traderszone Network

Published in TZ Latest News 4 May, 2014 by The TZ Newswire Staff

Portugal decides on ‘clean exit’ from bailout

Portugal said on Sunday it would exit its three-year 78-billion-euro bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity and unpopular reforms. The cabinet decision was announced by Prime Minister Pedro Passos Coelho in a televised address to the nation and means the country will no longer have to answer to foreign creditors after the bailout ends on May 17.

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