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Image header Agence Europe
Europe Daily Bulletin No. 10375
GENERAL NEWS / (eu) eu/portugal

Rehn says Portuguese interest rate will be 5.5% to 6%

Brussels, 10/05/2011 (Agence Europe) - On Tuesday 10 May EU Economic and Monetary Affairs Commissioner Olli Rehn announced that the European Commission had endorsed the three-year austerity programme that Portugal had agreed to as the price to pay for international aid of some €78 billion (see EUROPE 10371, 10372 and 10373). He said the interest rate on the EU loans would be set by the Eurogroup on Monday 16 May and would be between 5.5% and 6%, but would not be as high as 6%. Eurozone...

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