LISBON (Reuters) – Any restructuring of Portugal's debt is impossible as well as the country's bailout system is progressing effectively, the head of the International Monetary Fund mentioned about Saturday. IMF chief Christine Lagarde told Portuguese weekly Expresso which she was furthermore confident Portugal wouldn’t follow Greece into a spiral of financial recession. The European Union plus IMF gave Portugal a 78-billion-euro ($ 102-billion) bailout inside 2011 as well as the creditors have praised the nation for meeting almost all of their terms. …
There are no comments yet. Why not be the first to speak your mind.