Portugal to receive bailout tranche, loan extension
Brussels - SPA
Portugual has met the conditions to receive its next bailout tranche of 2.1 billion euros (2.7 billion dollars), as well as an extension on its loan maturities, dpa quoted eurozone finance ministers as deciding Monday. "We commended the authorities on their strong commitment to the implementation of the (bailout) programme and their active preparation of Portugal's return to market financing," said Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers. The decision must still be approved by national parliaments, Dijsselbloem said.
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