Bloomberg News

Schaeuble Says Portugal Will Reach Reform Targets, Welt Reports

March 24, 2012

German Finance Minister Wolfgang Schaeuble said he has “great trust” in Portugal’s ability to meet “necessary reform targets,” Welt am Sonntag reported.

Portugal will return to a “path to growth,” the newspaper cited the minister as saying in an e-mailed preview of an article to be published tomorrow. Portugal is on track to receiving its next rescue payment of about 15 billion euros ($20 billion) in April, Welt am Sonntag cited a report by the European Central Bank, European Commission and International Monetary Fund as saying.

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net


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