• Bailout plan is aimed at growth and employment
  • Economy expected to contract 2% both in 2011 and 2012
  • Debt to GDP expected to rise until 2013, then fall
  • Bailout plan seeks to raise consumption tax, not income tax
  • Finance Ministry reinforcing transparancy in public accounts
  • Structural reforms to correct our decades-old problems
  • Financing needs were assessed in detail, 78 bln is enough
  • Portugal plans to return to debt market towards end of bailout programme
  • To soon to speak about interest rate on loans
  • Still working on when will receive first tranche of loan