Spain and Portugal say no need in financial rescue

Spain and Portugal say no need in financial rescue
# 27 November 2010 11:33 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. José Manuel Barroso, the European Commission president, said Portugal had not requested nor Brussels suggested a financial rescue for Portugal. He also urged European politicians to keep to decision-making and avoid “political commentary”. Portuguese PM Jose Socrates has also denied reports that his country is under pressure from the European Central Bank and other eurozone governments to request an international financial bail-out.
Portugal’s parliament approved a tough austerity budget for 2011, which contains special program to reduce social expenditures and increase value-added taxes. GDP rate is expected to fall from 7.3% to 4.6%.
Spanish Prime Minister Jose Luis Rodriguez Zapatero also said that his government wouldn’t ask the financial assistance. He said they have already launched a program to reduce the budget cut.
False reports about the Portuguese and Spanish plans were spread shortly after Ireland sought a bailout package. Ireland was second after Greece which made this step.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED