World Business News

A round up of the latest news for those doing business internationally

Portugal to skip final bailout

Zone(s): Europe, Portugal ¦ Sector(s): Finance
[13 June 2014, CITY A.M.] Portugal has decided to do without the last payment from its international bailout program after the rejection of a series of austerity measures by the country’s constitutional court, its finance minister said yesterday. Portugal has easily managed to finance itself in bond markets after the end of the bailout, which means it does not need to rely on other financing as it was forced to do when it sought financial support in 2011.