Today, Portugal issued 18 months Sovereign debt - the first time it did so since the start of 2011. It seems it was a very successful placement with interests decreasing 166bps vs beginning of 2011. Yes, the interests are still high for a 18m maturity (4.332%), but we must be happy for this - we were able to sell debt at a lower interest. It means investors are starting to trust Portugal's ability to pay its debts. And that is extremely positive.
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"This is where I want to seriously comment on the news that are coming on the press, about the World, but primarily about Portugal. Don’t doubt, this will be about politics, economics and society. And, especially, about my personal views on those."
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