Portugal finance minister says aid from EU needed: report

LISBON (Reuters) – Portugal needs to resort to financial aid from the European Union, Finance Minister Fernando Teixeira dos Santos was quoted as saying on Wednesday by the online version of business daily Jornal de Negocios.

“In this difficult situation, which could have been avoided, I understand that it is necessary to resort to the financing mechanisms available within the European framework,” he told the paper.

Finance ministry officials were not immediately available for comment.

(Reporting by Axel Bugge)

Portugal finance minister says aid from EU needed: report