Germany's Merkel Promises Support to Portugal
Populace angry at spending cuts
Chancellor Angela Merkel of Germany vowed continued support for Portugal on Monday, seeking to reassure a European partner that fiscal overhauls would be rewarded with long-term growth and stability.
Even as finance ministers from the 17 euro zone countries gathered in Brussels to consider the release of €31.5 billion, or $40.1 billion, in aid for Greece, Ms. Merkel expressed confidence that the troika of international lenders that has bailed out both Greece and Portugal would issue a favorable report on Lisbon's efforts at reforming its economy.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?