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Portugal is in good hands

Portugal should return to the financial markets in 2013, said the former International Monetary Fund (IMF) mission chief to Portugal. Poul Thomsen, who attended a conference in Coimbra last week, believes the country will return to the financial markets by September 2013 as foreseen in the agreement with the ‘troika’ (EC/ECB/IMF). Praising Portugal for the way it was implementing the adjustment programme, he said: “It’s still early days, but Portugal’s budgetary adjustment is on the right track and in good hands. Portuguese exports are performing better than I had expected.”