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Home News Economy

Portugal pledges to cut debt as borrowing costs rise

admin by admin
May 22, 2022
in Economy
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Portugal’s finance minister has vowed to remove his country from the “podium” of the three most indebted economies in Europe to protect families and businesses from the impact of higher interest rates.

Fernando Medina said it was vital to reduce more quickly the country’s public debt – the highest in the eurozone after Greece and Italy – to prevent higher government borrowing costs hitting the wider economy.

“Faced with rising…



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