Germany says Portugal may only tap EU rescue fund
06 April 2011, 19:01 CET
(BERLIN) - Germany said Wednesday that Portugal may only seek help from the European Financial Stability Fund (EFSF) as banks reportedly pressure Lisbon to seek a bridging loan instead.
"We created this instrument the EFSF, precisely for this case, for cases like this," a finance ministry spokesman said. "Portugal, as a member of the eurozone, is entitled to use this instrument."
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