February 16, 2011 / 11:48 AM / in 7 years

Europe has to solve crisis - Portugal treasury boss

LISBON, Feb 16 (Reuters) - A solution to the euro debt crisis has to be reached at the European level and does not just depend on Portugal, Treasury Secretary Carlos Pina said on Wednesday, adding that Europe has been dragging its feet. “Portugal is continuing to do its work,” Pina told Reuters in an emailed response to questions. “Europe has fallen short.”

Pina also said low take-up at an auction to buy back bonds on Wednesday was an encouraging signal of market confidence.

Reporting by Sergio Goncalves; writing by Axel Bugge

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