Deutsche Bank: Portugal Likely to Seek Bailout

Monday, 27 Dec 2010 04:00 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
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 Deutsche 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."

The newspaper further quoted Mayer as saying the government in Lisbon would be "well-advised to move swiftly" under the protection of Europe's 750 billion euro ($980 billion) rescue fund.

Mayer also told the newspaper that Spain, Italy and Belgium enjoyed much better fundamentals and would not need outside help to refinance their deficits.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved