‘Debt interest rates above 7% prompt new bailout fears’

Published on 17 September 2013 at 10:04

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Talks between the Portuguese government and the EU-ECB-IMF troika on how to close the current bailout began on September 16, while markets continued to show signs that they may not be willing to finance the country with sustainable interest rates next year, which would push Portugal into a second bailout, writes Público.
Interest rates on 10-year Portuguese government bonds stayed close to their recent high of 7.508 per cent, which coincided with the political crisis in July of this year.
The Portuguese government wants to have access to the same conditions that Ireland is negotiating with international creditors, and to avoid a second bailout like the one granted to Greece.

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