Bloomberg News

Portugal Aims to ‘Stop’ Indebtedness, Resume Growth, Coelho Says

October 10, 2011

Oct. 10 (Bloomberg) -- Portugal is carrying out an adjustment to “stop” the country’s indebtedness as it seeks to ensure a return to economic growth in the next few years without the weight of high debt, Prime Minister Pedro Passos Coelho said.

Portugal aims to meet the targets that were agreed with the European Union and the International Monetary Fund as part of the financial aid program, Passos Coelho said today at an event in Ovar, northern Portugal.

To contact the reporter on this story: Henrique Almeida in Lisbon at

To contact the editor responsible for this story: Joao Lima at

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