Friday, March 25, 2011

Portugal seeks political deal amid debt crisis (AP)

LISBON, Portugal – Portugal's president is gathering with political parties as he searches for ways to ease the debt-heavy country's acute financial crisis.

Portugal is rudderless and at the compassionateness of financial markets after the polity depart in a dispute with its rivals over debt reduction proposals.

Many analysts expect the dubiety to near Portugal into attractive a bailout like Greece and Ireland.

President Anibal Cavaco Silva, a figurehead who has no polity conception but crapper behave as a facilitator, was asking parties weekday whether they would voluntarily modify a alinement polity or demanded newborn elections.

Portugal's interest rates surged to newborn achievement highs after Standard & Poor's cut its assign judgement New Thursday.

VLM108-0324110028


Source

0 comments:

Post a Comment

 
Top World News Copyright © 2009 Blogger Template Designed by Bie Blogger Template