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Friday, 26 November 2010 - Portugal: under no eurozone pressure for financial aid
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    Read more with google mobile : Portugal: under no eurozone pressure for financial aid

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Portugal: under no eurozone pressure for financial aid AFP - Saturday, November 27 Send IM Story Print Portugal: under no eurozone pressure for financial aid LISBON (AFP) - – The Portuguese government said on Friday it was under no pressure from the European Central Bank or other eurozone member states to accept financial aid to ease its debt and deficit problems. The prime minister's office said a report published by the Financial Times Deutschland that Lisbon was being pressed to accept aid, as was Ireland last week, was "totally false." The government denies there "is any pressure from the ECB or European countries for Portugal to accept aid," a spokesman said. The FTD wrote earlier, without citing sources, that "The ECB and the majority of euro area countries are pressing Portugal, like Ireland, to apply for help, according to FTD information." If Portugal were to tap the 500-billion-euro (664-billion-dollar) fund, it would help Spain, seen as a potential bailout case, the newspaper reported. "If Portugal were to use the fund, it would be good for Spain because the country has high exposure in Portugal," the FTD quoted a German finance ministry source as saying. Portugal was paralysed on Thursday by a crippling general strike in protest at a drastic round of spending cuts and tax rises worth some five billion euros which are currently being pushed through parliament. The measures are intended to reduce the public deficit from 7.3 percent of GDP to 4.6 percent next year in a bid to quell growing international unease over the state of Portugal's finances. Parliament is due to give a final reading to the budget measures later Friday. Recommend Send IM Story Print News Search Top Stories Portugal fights eurozone contagion, adopts budget EU says not pressing Portugal to take bail out Spain, Portugal fight fear of Irish contagion Spain's Zapatero 'absolutely' rules out bailout Portugal: under no eurozone pressure for financial aid More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Wealthy Americans say: 'Tax us' to ease deficit' 600,000 die each year from passive smoking: study US, S.Korea plan war games after N.Korean attack Europe bans baby bottles with Bisphenol-A New AIDS cases fall by one fifth in a decade: UN More Most Viewed » 'Naked' airport scanners may be 'dangerous' EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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