Schaeuble: Portugal shows euro rescue is working

HANOVER, Germany, Sept 3 Mon Sep 3, 2012 12:38pm EDT

HANOVER, Germany, Sept 3 (Reuters) - The example of Portugal shows that the euro zone's economic adjustment programmes are working as the Southern European country will swing to a primary surplus in 2013, Germany's Finance Minister Wolfgang Schaeuble said on Monday.

Schaeuble added that Greece, where the economic reform programme attached to its double-bailout has stalled, should not be the only measure of performance for the currency union's ability to fight its sovereign debt crisis.

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