Portugal vows to cut deficit

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Series Details 23.9.10
Publication Date 23/09/2010
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Portugal has vowed to meet ambitious deficit-reduction targets in an effort to calm concern over its economy that is forcing the government to pay exceptionally high yields to finance its debt.

'We’re on the right track and we will meet our deficit commitments this year and in the future,' Carlos Costa Pinto, the secretary of state for the treasury, said on the 22 September 2010. 'There is no cause for alarmism.'

Related Links
BBC News, 22.9.10: Portugal bond sale raises 750m euros http://www.bbc.co.uk/news/business-11387312
ESO: Background information: Campaign to speed up slow growth http://www.europeansources.info/record/campaign-to-speed-up-slow-growth/
Diário de Noticias, 24.9.10: Portugal gasps as tax hikes announced (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/345861-portugal-gasps-tax-hikes-announced

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