Portugal to receive bailout tranche, loan extension

(MENAFN- Saudi Press Agency) Portugual has met the conditions to receive itsnext bailout tranche of 2.1 billion euros (2.7 billion dollars), as well as an extension on its loan maturities, dpa quoted eurozone finance ministers as deciding Monday. 'We commended the authorities on their strong commitment to the implementation of the (bailout) programme and their active preparation of Portugal's return to market financing,' said Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers. The decision must still be approved by national parliaments, Dijsselbloem said.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.