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Portugal's Centeno Studies Italy's Fund to Fix Bad-Debt Burden

  • Similarities, differences depend on type of assets in fund
  • Finance minister says latest economic data `very strong'
Mario Centeno

Mario Centeno

Photographer: Luke MacGregor/Bloomberg
Updated on

Portugal is looking at Italy’s bank-rescue fund Atlante to see if it can be a model for reducing the burden of distressed debt on its financial system, Finance Minister Mario Centeno said.

“It’s still in its infancy but it’s something we are working very hard on,” Centeno said in an interview in Washington on Saturday. “We’ll verify if it is national funds or funds that you maybe attract from outside the system, that will also be key to the design and incentives.”