Portugal to apply for bailout next year: Olli Rehn

Note: This section contains information in English only.
Source: Forexfactory
Members of the Euro Zone have to be prepared to provide a new bailout fund to Portugal next year, said Olli Rehn, Europe's economic and financial affairs commissioner. Portugal that received a rescue package worth 78 billion Euros is expected to need more financial backup before it is be able to return to the debt market in 2013, he added.


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