Portugal is expected to exit the rescue program by mid-next year based on the latest assessment of the implementation of the rescue program. The Portuguese economy has emerged from its worst recession since the 1970s in the second quarter, and investors are beginning to regain confidence. Portuguese Finance Minister Maria Luis Albuquerque stated that lenders recognize Portugal's achievement of its targets and believe that Portugal can meet the objectives of the rescue program, with the assessment proceeding very smoothly, and an on-schedule exit from the rescue program expected by mid-next year.
Maria Luis Albuquerque stated that international organizations recognize that Portugal has achieved its predetermined goals, which means that Portugal will exit the rescue program on schedule by mid-2014. Portuguese Deputy Finance Minister Paulo Portas indicated that the evaluation of the (rescue results) is very positive, and Portugal is expected to achieve a deficit target of 5.5% this year.Investment involves risks, the above information is for reference only
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