‘New Portugal plan will be tougher than Ireland’s deal’

Published on 6 September 2013 at 09:27


To ensure its future, Portugal will have to sign a new financial aid deal with the European Commission and European Central Bank in June 2014 when its current agreement with the IMF-ECB-EU troika of international lenders comes to an end.

Diário de Notícias writes that "the varying degree severity or softness of the new plan’s conditions will depend on the state of the country’s economy and the level of political stability," but the terms are likely to be easier for Ireland, due to its stage of economic recovery and stable political structure.

The newspaper adds

Receive the best of European journalism straight to your inbox every Thursday

In the case of Portugal, this second programme no longer appears to be a precaution, but a necessity.

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic