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23.12.2010
China will help Portugal to get out of debt
 	 China will help Portugal to get out of debt

China is willing to buy government bonds Portugal 4-5 billion euros. Such actions of China intends to implement to reduce pressure on the government debt market. In this case, the article of the newspaper Jornal de Negocios noted that the bilateral agreement provides for the redemption of China during the first quarter of 2011 the debt securities of Portugal on the secondary market or at auction.

We recall that Portugal has accumulated a large amount of debt. In this case, the cost of borrowing for it has grown due to the fact that investors are afraid that the republic could be one of those countries that need international financial assistance.

It is worth noting that last week, Finance Minister Fernando Teixeira Portugal dos Santos met with the Minister of Finance of China Xie Xuren, as well as the head of the People's Bank of China.

In this case, officials in Lisbon said that the government wants to diversify its debt holders Portugal, giving priority to China.

 

 

 

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