Portuguese Government Tries to Diversify Investors in Debt, Expresso Says

The Portuguese government is trying to diversify potential investors in its debt so that at the next sales it’s able to have a volume of demand that will lower the state’s borrowing costs, Expresso reported, citing an unidentified person in government.

The government’s aim is to demonstrate to Europe that Portugal is able to solve its problems alone, and to avoid at all cost resorting to the European Financial Stability Facility, the Portuguese weekly newspaper said.

Portuguese Prime Minister Jose Socrates has a visit scheduled to the United Arab Emirates during January, according to Expresso. A visit to Latin America in the first quarter is being studied, Expresso said.

To contact the editor responsible for this story: Joao Lima at jlima1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.