Portuguese President supports Coelho's staying in office

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
Prime Minister of Portugal Pedro Passsos Coelho got the support from the President Cavaco Silva to continue government's work till 2015, the end of the government's term. Cavaco Silva believes that early elections would prevent successful attainment of a bailout programme. The yield on 10-year bonds declined 40 basis points to 6.4% as of 10:39 a.m. in London.
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