Brussels, 11/02/2014 (Agence Europe) - On Tuesday 11 February, Portugal borrowed €3 billion from the money markets over ten years at an interest rate approaching 5%. Demand was three times higher than the bonds on offer.
This is a step towards Portugal's exit from its international financial aid programme in May. The question now being asked is how exactly the country will proceed. Will the government decide to take out the preventative aid option available through the European stability...