Brussels favourable

Brussels seems in favour of granting Portugal the request for the maturity extension on bailout loans.

The European Commissioner for Economic and Monetary Affairs and the Euro, Olli Rehn, said: “From the Commission’s point of view. I can say that our standpoint, in principle, is in favour of this.”

Rehn added: “It is in the very fundamental interests of not only the two countries but of the whole European Union that Ireland and Portugal will successfully return to market funding.” (also see lead article on this page)