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EU steps up pressure on Portugal to accept financial aid



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Portugal kicked the can down the road but the problem still exists. Reuters:

No formal talks on aid have started yet, a number of euro zone sources said, but the pressure was rising in the Eurogroup, which brings together euro zone finance ministers.

"France and Germany have indicated in the context of the Eurogroup that Portugal should apply for help sooner rather than later," the senior source said, adding Finland and the Netherlands had expressed similar views.

But Germany denied any pressure.

"It is not the strategy of the German government to push Portugal to take the bailout," said Steffen Seibert, German Chancellor Angela Merkel's spokesman.


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