Commitment to bailout package 'imperative': Bank of Portugal

bancodeportugal

Full compliance with the European Union's and IMF's €78 billion ($115.9 billion) bailout programme is "crucial" for Portugal, despite the high burden it places on society, the Bank of Portugal said in its Financial Stability Report published Tuesday.

The central bank said the economic and social impact of the structural programmes as part of the €78 billion financial package, carried "substantial risks" in the short term, deriving from international economic and financial developments. However

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