- Budget consolidation will continue after aid plan
- Portugal will benefit for years from structural reforms
- Banking system is well capitalised (we’ll find out soon enough)
- Systemic risk that threatened EU have eased
- Unemployment in Portugal is still unacceptably high
- Surprised by country’s economic recovery
- Sustainability of of country’s debt is achievable
Portuguese PM Passos Coelho speaking in Lisbon.
Portuguese bonds continue to fall in yield and are at the lowest since June 2010 at 4.45%
