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Image header Agence Europe
Europe Daily Bulletin No. 10291
Contents Publication in full By article 13 / 31
GENERAL NEWS / (eu) eu/eurozone

Portugal should make a greater effort, says Jyrki Katainen

Brussels, 11/01/2011 (Agence Europe) - Speaking to the Finnish media on Tuesday 11 January 2011, Finland's finance minister, Jyrki Katainen, took a different stance from some of his colleagues who believe that Portugal will not need any foreign aid when he commented that Portugal and other countries subject to speculation should take a series of grouped measures to show investors that they can pay back their debts. He disagreed with the idea of issuing joint eurobonds because he argued that they would worsen, rather than improve, member states' public debt. On Wednesday of this week, Portugal will try to raise more than a billion euro over three or ten years on the money markets (see EUROPE 10290). The interest rate offered will give a taster of the country's ability to roll over its debt without outside aid. (M.B. trans fl)

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