Bloomberg News

Coelho Says No Risk of PSI Being Imposed on Portugal Bondholders

January 31, 2012

Jan. 30 (Bloomberg) -- Portugal Prime Minister Pedro Passos Coelho said there was no risk of investors being asked to take losses on Portuguese debt.

Asked about the risk of a possible private-sector involvement being imposed on Portuguese debt holders, Coelho replied: “no, there is not.

‘‘In fact at the European Council today the final statement recalls the Greek situation is exceptional and unique.’’

Portuguese debt is ‘‘perfectly sustainable’’ according to the International Monetary Fund and the European Union, he said at a news conference following the EU summit in Brussels.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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