Portugal, Germany, France and other countries to p

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Xinhua BEIJING,[link widoczny dla zalogowanych], Jan. 10, according to Taiwan's \application for relief, estimated relief amounts may be between 500 billion to 1,[link widoczny dla zalogowanych],000 billion euros (about 1,300 billion U.S. dollars).

The source said that the purpose of helping the authorities in Lisbon under the protection of an application for relief may be Spanish, \is very high. \The source estimated that Portugal needs amount relief more than 50 billion euros, but less than 1,000 billion euros, about 60 to 80 billion euros.
but the Portuguese government insists, the deficit under control and does not need to apply for relief. Santos,[link widoczny dla zalogowanych], Portugal, on Thursday said budget minister, Portugal had reached the Government to ensure that the deficit in 2010 to reduce the gross domestic product (GDP) 7.3% of the target, reached in 2011 is confident the debt plan.
He said: \investors for months have been very worried about rising financing costs of Portugal, may affect the solvency.
ten-year bond yields in Portugal rose more than 7 days 7.1%, because the market is concerned about the auction of 12 would go on a group of bonds, and the European Union proposal for the future handling bank failures. According to the 6th European Commission proposals for the draft legislation published reports, the world's financial authorities will be fully authorized to restructure the debt of failed banks.
Portugal The ability to finance in the capital markets before the real test of the 12th debut. Portugal program will auction 750 to 1250 million euros of bonds, maturity date from October 2014 to June 2020 dollars. According to Portugal on Friday, 10-year Treasury yield level, the market generally expected that Portugal will be forced to pay more than the 10-year government bonds yield 7.1%.
(This article Source: China News)
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