PM says “Portugal won’t follow if Greece falls”

Portuguese Prime Minister Pedro Passos Coelho guaranteed on Tuesday (June 16) that Portugal’s treasury is “healthy enough” to face any problems that might arise due to Greece’s spiraling debt crisis – this year at least.

“We are well prepared to ensure that if something bad happens with Greece, Portugal won’t follow,” the PM told journalists following a seminar in Porto.

Assuring that “Portugal’s treasury can face any problems from external markets” until the end of the year, the PSD leader spoke on the day Greece’s national bank warned its country will be plunged into even deeper crisis in the event of a Grexit.

On Monday, European Central Bank boss Mário Draghi said it was “impossible” to predict the medium or long-term consequences of a Greek default, as Europe would be entering “unknown waters”.