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Breakingviews: Portugal not Greek yet

Tuesday, April 17, 2012 - 04:26

April 17 - Portugal will need extra support from the euro zone next year, but that may not mean a restructuring or a haircut for creditors, says Reuters Breakingviews.

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Agenda setting financial inside out of the common John -- is breaking views today's top stories Portugal can avoid becoming the next Greece with a little help from Europe. -- tell us sex roof on AC BC she -- Could cause standard chartered a -- will we'll find out why it. With Christian story Chris -- artists -- Portugal that you won't Neil I'm Matt. Argues they can avoid becoming the next Greece can avoid forcing losses. Now own private preferences -- what what wind power. Well we're not saying -- school where -- need more money. And then the it's gonna need some extra some pool. From it's -- and partners with it will come. Next -- is needed but that's that different questioned whether we gonna see. Restructuring room losses forced on private credit since this is so. In -- that we actually. Think that is affordable and -- thoughts that your arithmetic quickly. There will not be and other restructuring yeah you can -- tell you that without -- -- -- -- I got it takes a Portuguese government has been doing a pretty good job as well yeah I decided that -- in the right directions that you have the public to -- commitment to the that's another restructuring. And then you look at all sports schools and too -- to help but yell just got to -- making per. Morons who got low low deficit constrained little government debt to GDP than it's really com. It's really the right there are limited in the right there he says there are actually it this sort of that boards and talk. And that should come on now. With these the political. Will to avoid another restructuring I think you can be. Yeah nobody confidence as opposed to counter these situations but this is not going to be a situation of the and other restructuring of the enemy and if it's gonna need some more money next year. Okay I -- this temasek. Stand chopper suited to this story is an interest in what you. So -- -- certain just trusting to certain that that the Singapore and farm is as reshuffling its assets why does that mean they gonna they gonna do -- it was cents up. Well it -- focus the. Question of what time of -- gone through this enormous I can some things and sometimes it's been around for a long time but. Pizza -- together you can see how may be now. They they -- -- to be more willing to consider. On offer for. And there's no shortage of food supplies that are off smoltz schools because it's this it's -- A big transaction and it would substantially increase the size of the bomb making it. Via the -- -- the systemically important for instance she's a little kinds of capital as the capital requirements with the very attractive -- now. Of course Hamas accused of Saturn that is winning the tape on CDC says there. I asked potential -- cap -- to -- mistake of Goldman's side imagine a situation where. IC BC won't -- it to the can host on the television probably worked on his father is it's a similar ratings themselves that. You concede that seem to fit and you go to. That term effect light says PayPal says I think if you had a little to -- if you look at the way that. To Milosevic seems to have been. Willing to countenance upon itself to doing deals with. In it was a bit with -- I thought -- the -- and the whole Jerusalem decent price of that and then you combine that with the front but mostly it's that you like I think VC -- have -- look like the BC made an offer. The moments this -- says. Maybe why would mos sensor development well we're up to instant it's and some pace and don't throw it Chris thanks very much indeed. That's it and I'm gorgeous setting inside some without -- US breaking news show every day twelve birdies -- 1730 GMT. Bsc I'm told IMAX problems is --