–Story originally transmitted on Sunday at 09:09 ET

WASHINGTON (MNI) – Reform policies will boost Portugal’s
competition and help the country to return to solid growth, Portuguese
Finance Minister Vitor Gaspar said Sunday.

“In a nutshell,” what the government is engineering is “a
competition shock that will unleash the forces of innovation and
technological change,” Gaspar said during a panel discussion on “The
Eurozone’s Seminal Moment?” on the sidelines of the World Bank and IMF
Annual Meetings.

Together with the correction of macroeconomic imbalances, this will
put Portugal on the right path for growth, he said.

“The crisis will be over precisely when the country will go on the
path of solid growth,” Gaspar said. He said that the population
understood and supported this.

–Frankfurt newsroom +49 69 72 01 42; e-mail: jtreeck@marketnews.com

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