Portugal does not need external financial assistance

MOSCOW, Jan. 11 - RIA Novosti. Portugal unlikely to need international financial assistance to solve the problems, says Finance Minister Fernando Teixeira Portugal dos Santos (Fernando Teixeira dos Santos), whose opinion leads the Associated Press. According to him, the Government shall take all necessary measures in order to reduce the high level of public debt that bothers markets.

"We need to focus on how to make every effort to avoid applying for external financial support," - said Teixeira dos Santos, adding that Portugal is still able to raise funds on the financial markets, and Nissan auto parts Despite the fact that the yield on ten-year government bonds reached a historic record in 7%.

Previously, there was unofficial information that some eurozone countries are increasing their pressure on Portugal to force her for seeking financial assistance from the EU and the IMF on the example of Ireland and Greece. At the same time, representatives of the European Commission said that they have concerns about the financial and economic situation in Portugal. The Portuguese Government plans to complete in 2010 with a budget deficit of 7.3% of GDP, with the fiscal consolidation program it intends to reduce it by 2012 to 3% and 2% - by 2013