Meet with top Israeli leaders at the Jerusalem Post Annual Conference 2017
Portugal's PM: No guarantees of return to markets on time
ByREUTERS
April 18, 2012 05:30

LONDON - Portuguese Prime Minister Pedro Passos Coelho said on Wednesday there were "no guarantees" that the country would meet its commitment to return to the international capital markets before September 2013.

Passos Coelho said in an op-ed in the Financial Times that he was optimistic Portugal would fulfil its obligations, but called for realism and pragmatism as factors outside the government's control could play a role.



"It is important to say something that will sound controversial, but is in fact not controversial at all - in an age of uncertainty there are no guarantees," he said.

Passos Coelho described Portugal's commitment to deliver on the terms and conditions of its bailout as unwavering, and dismissed suggestions of a second bailout or debt restructuring if the government's reform plan runs smoothly.

"I am confident about the reform plan we have in place and our ability to return to the markets on time if we deliver it," he said.

Share this article via
from around the web
Related Content
Breaking news
March 27, 2017
Mexicans who help build Trump wall 'traitors,' top Archdiocese says

By REUTERS

Top Stories
Israel Weather
  • 10 - 24
    Beer Sheva
    11 - 19
    Tel Aviv - Yafo
  • 11 - 21
    Jerusalem
    10 - 19
    Haifa
  • 16 - 30
    Elat
    12 - 25
    Tiberias