Portugal to continue tapping markets – PM Socrates

LISBON, Nov 26 (BestGrowthStock) – Portugal’s Prime Minister Jose
Socrates said on Friday his country has all the conditions in
place to continue financing itself in markets, adding that
approval of the 2011 budget should boost confidence.

“Portugal has all the conditions to finance itself in the
markets as it has done,” Socrates told foreign journalists in
Lisbon. “I have good expectations that approval of the budget
will reinforce confidence in markets.”

The prime minister also urged Europe to quickly come up with
a plan to deliver stability in the euro zone.

“Europe has one job to do — define rapidly a strategy that
gives stability to the euro zone and not encourage any type of
speculation, and define a safe and confident route,” he said.

(Reporting by Sergio Goncalves; writing by Axel Bugge)

Portugal to continue tapping markets – PM Socrates