EU Should Provide Fast Support to Portugal, Nowotny Says
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European Union leaders should provide a first lifeline to Portugal “as fast as possible” after the government asked for external aid, European Central Bank Governing Council member Ewald Nowotny said.
“The best approach is to agree as fast as possible on a first tranche and then to go for the final program,” Nowotny told Bloomberg News late yesterday in Budapest before a meeting of European finance ministers and central bank governors. “It’s the right thing to do,” he said about the aid request.