Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Portuguese President Urges European Response on Spain

Europe needs to come up with an appropriate response to the fiscal and banking crisis in Spain, Portuguese President Anibal Cavaco Silva said.

“Besides the very courageous efforts of the Spanish government, it is our understanding that there is a need for a European response,” Cavaco Silva said in comments aired by SIC Noticias television today. “What’s at stake here is the stability of the entire euro zone.”

It’s important for the European Union and for Spain to succeed in their efforts to weather the ongoing debt crisis, as Portugal’s ability to meet its own targets, especially in terms of economic growth, also depends on external factors, said Cavaco Silva.

The European Commission approved a Spanish program to bolster the capital of some of the country’s banks today after officials denied a full-blown Spanish bailout was being prepared. Portugal is cutting spending and raising taxes as it tries to comply with the terms of its 78 billion-euro ($95 billion) rescue from the EU and the International Monetary Fund.

“The Spanish problem is a problem that is of interest to the entire European community and in particular to the euro area,” said Cavaco Silva.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.