So says Portuguese finance minister Maria Luis Albuquerque

  • Market pressures continue at present
  • Fiscal discipline must continue
  • Banking union absolutely necessary in Europe
  • Credit is still a major challenge for portuguese companies

As you may have guessed we have a finance ministers meeting today so that should keep us busy in an otherwise quiet day.

Irish fin min Noonan was also on the wires saying that confidence in Irish banks is returning.