Portugal EU aid bid 'sensible', 'necessary': Berlin

7th April 2011, Comments 0 comments

Portugal's request for EU aid is a "sensible and necessary step," given the economic and financial situation of the debt-stricken country, Germany's finance minister said Thursday.

"The markets also seem to see it this way, judging from initial reactions," Wolfgang Schaeuble said in a statement, as European finance ministers prepared for talks in Budapest likely to be dominated by the eurozone's debt crisis.

© 2011 AFP

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