Portugal's bail-out: First impressions

The source of this kind of information is typically the country that receives the fund, not the lenders of last resort.
So far, we hear from the Portuguese side:

– amount of bail-out: 78 bn euros (116 USD)
– required deficit cuts: 5.9% (2011), 4.5% (2012), 3% (2013)
– Portugal’s austerity plans before the bailout: 4.6% (2011), 3% (2012), 2% (2013)
– we do not have information about the interest rate, yet
– today the announcement only had little impact on Portugal’s 10 years bond yields

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: