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Portugal Tries to Diversify Investors in Its Debt, Expresso Says

Dec. 18 (Bloomberg) -- 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.

Story link: {NSN LDMAM66MMXAB<GO>}

To contact the editor responsible for this story: Joao Lima at

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