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Europe Daily Bulletin No. 10626

5 June 2012
ECONOMY - FINANCE - BUSINESS / (ae) portugal
Fourth positive assessment by troika of lenders

Brussels, 04/06/2012 (Agence Europe) - Portugal has passed the fact-finder tests carried out by the international lenders' troika (European Commission, ECB and IMF) from 22 May to 4 June 2012. The troika announced on Monday 4 June, in a joint statement, that the €78 billion bailout package announced in May 2011, conditional upon structural reforms, is on track, but challenges remain, particularly the hike in unemployment. The fact-finders' assessment paves the way for the fifth instalment...

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