Portugal seeks to boost market confidence

Author (Person)
Series Title
Series Details 29.11.10
Publication Date 29/11/2010
Content Type

Portugal, struggling to prevent contagion from the Irish debt crisis in November 2010 from forcing it to seek a similar bail-out, announced on the 28 November 2010 an initiative to lift export-led growth and improve the competitiveness of its debt-laden economy.

José Sócrates, the Prime Minister, would meet the country’s 10 biggest export companies, as well as trade unions and employers’ organisations, to discuss plans to increase economic growth, 'improve labour market conditions' and reduce business costs.

Related Links
ESO: Background information: Portuguese MPs back austerity budget http://www.europeansources.info/record/portuguese-mps-back-austerity-budget/
BBC News, 26.11.10: EU denies Portugal in line for aid package http://www.bbc.co.uk/news/business-11845046

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