Portugal President Urges Quick Party Accord as Bond Yields Rise
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President Anibal Cavaco Silva said he wants Portugal’s two ruling parties and main opposition group to quickly reach an agreement of “national salvation” and implement a bailout program as the nation’s bond yields surge.
“Talks between the political parties should be concluded in a very short period of time,” the president’s office said in a statement on its website. Silva met with the party leaders yesterday to explain the terms of such an agreement and all showed willingness to start discussions as soon as possible, according to the statement.