‘Por­tu­gal likely to seek bailout’

The Pak Banker - - Front Page -

BER­LIN: The chief econ­o­mist of Ger­many's biggest bank says he ex­pects Por­tu­gal to seek a bailout from other eu­ro­zone coun­tries soon as the sov­er­eign debt cri­sis con­tin­ues to erode mar­ket trust. Ger­man Sun­day news­pa­per Frank­furter All­ge­meine Son­ntagszeitung quoted D Bank AG's Thomas Mayer as say­ing he "wouldn't be sur­prised if Por­tu­gal would in the near fu­ture seek help in ad­di­tion to Greece and Ire­land." Mayer also told the news­pa­per that Spain, Italy and Bel­gium en­joyed much bet­ter fun­da­men­tals and would not need out­side help to re­fi­nance their deficits. -PB News

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