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Home News Portugal: interest rate on aid not yet determined

Portugal: interest rate on aid not yet determined

Published on 05/05/2011

Portugal's finance minister says officials have not yet calculated the interest rate on the the country's euro78 billion bailout nor the loan's maturity.Finance Minister Fernando Teixeira dos Santos says the three-year financial rescue program foresees an economic contraction of 2 percent this year and next, with growth returning only in 2013.He ...