EU/IMF/ECB “troika” interviews the nation

Published on 20 April 2011 at 10:51


As the details of the Portuguese bailout are thrashed out, an EU/IMF/EC "troika" is "interviewing the entire country," reports Lisbon daily i. On 19 April, the delegation met with banks, regulatory authorities, sociologists and trade unions. And on 20 April, it will be the turn of the country’s employers to define proposals with a view to drafting a "memorandum of understanding". The daily explains that changes to national labour laws, funding for the justice system and health care will be up for discussion. In the meantime, ratings agencies continue to pile on the pressure with downgrades while the interest on Portuguese five-year bonds has reached a new high, at around 11%, notesPúblico.

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