LISBON, Nov 4 (Reuters) - Portugal’s government has no plans to resort to financial aid from overseas despite a sharp rise in borrowing costs, which it says have been propped up by Ireland’s woes and market speculation, Cabinet Minister Pedro Silva Pereira said on Thursday.
Silva Pereira said the austerity measures in the 2011 budget are credible and adequate and “our message is that Portugal is doing what is needed” to restore market confidence. (Reporting by Sergio Goncalves, writing by Andrei Khalip)
