Portugal Must Increase Investor Trust, Ambassador to U.S. Says

Portugal must shore up investor confidence by meeting deficit-reduction targets and spurring economic growth, Nuno Brito, the country’s ambassador to the U.S., said as the nation prepares to sell 1 billion euros ($1.39 billion) in debt with yields hovering close to record highs.

“One of our main tasks is to rebuild trust,” Brito, who assumed his post last month, said in an interview at Bloomberg News headquarters in New York yesterday. “We have no option but to be overambitious.”