EU Says Portugal Court Rulings May Complicate Return to Market
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The European Commission said new rulings by Portugal’s Constitutional Court blocking government measures may make it tougher for the country to regain full access to the bond market.
“Risks from further negative rulings by the Constitutional Court cannot be discarded and could make the government’s plans to fully access the debt market from mid-2014 on significantly more challenging,” the Brussels-based commission said today in a report on the eighth and ninth reviews of the aid program for Portugal.