Portugal Bond Sales ’Good News,’ No Forced Rescue, Germany Says
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German Deputy Foreign Minister Werner Hoyer called the Portugal bond auction “good news” and proof that a European-led financial rescue should not be forced upon the government.
“The Portuguese do not believe that a bailout is necessary, or an action like the Irish did - that is, fleeing under the umbrella - and we should take that seriously,” Hoyer said in an interview with Bloomberg Television in Washington.