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Image header Agence Europe
Europe Daily Bulletin No. 10258
Contents Publication in full By article 11 / 39
GENERAL NEWS / (eu) eu/eurogroup

Portugal is very different from Ireland, explains Rehn

Brussels, 17/11/2010 (Agence Europe) - EU Economic and Monetary Affairs Commissioner Olli Rehn made it clear on Tuesday 16 November 2010 that the problems facing Portugal were “very different” from the Irish problems. Irish banks are suffering from the cost of rolling over Ireland's sovereign debt, but banks in Portugal are pretty resistant and in good health. Lisbon's challenge is budget consolidation and structural reforms. The chair of the Eurogroup, Jean-Claude Juncker, said that his...

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