Author (Person) | Wise, Peter |
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Series Title | Financial Times |
Series Details | 29.2.12 |
Publication Date | 29/02/2012 |
Content Type | News |
A positive, if not quite glowing report from international lenders on the 28 February 2012 confirmed Portugal’s status as the quiet, diligent pupil among the eurozone’s bailed-out states. But doubts remained over the country’s ability to pull itself out of a deep recession and regain access to debt markets in less than two years. In a joint statement, the European Commission, International Monetary Fund and European Central Bank said Lisbon was on track to meet the terms of its €78bn rescue agreement after making a 'large fiscal correction' in 2011. |
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Countries / Regions | Portugal |