Portugal's Constancio agrees new five year term

Bank of Portugal governor Vitor Constancio has agreed to stay on at the central bank for a second five-year term at the invitation of the government, Finance Minister Fernando Teixeira dos Santos said.

Constancio has been governor of the Bank of Portugal since 2000. His current term is due to end in March.

"I am happy to report that I can count on Vitor Constancio for another mandate," Teixeira dos Santos, a Socialist, told public radio RDP in Brussels, where he was attending a meeting of euro

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