securities Times reporter Wu Jiaming
the European debt crisis probably transmission to Portugal. Yesterday, the rating agency standard and poor's cut its 5 Portugal ratings of banks and the two related subsidiary, so far, Portugal has stood "on the edge of the cliff."
given Portugal economy, increasing financial difficulties, poor's expects all Portugal Bank's financial position will continue to deteriorate. It is learned that biaopu last week Portugal long-term sovereign credit ratings from "A-" down to "BBB".
recommended reading
United States economic spring hope non-agricultural employment data provides confirmed signal dollars revive treasures borrowing rose Han consumer confidence index collapse dollars low rebound difficult breaking weak pattern eurozone "Economic Union" non-day of Gong Ireland crisis or forced European Central Bank then out help March non-agricultural data or Director dollars "play" [RMB premium][market Center]has message pointed out that , Biaopu might again cut this week Portugal rating. From this influence, in the European trading session yesterday, the euro briefly fell to 1.4 level against the dollar. Portugal President da Silva said yesterday that the country's three major political parties to clear, are committed to cutting budget deficits, government red reduction goals.
at present, market participants generally felt that Portugal is a matter of voluntary or forced to accept assistance. Netherlands International Group expects 70 billion euros of aid can help Portugal maintain 3 years time.
this week, Ireland on major bank stress test results will be announced. Ireland media reports, Ireland stress test shows the 4 biggest banks, the banks financing gap of about 20 billion euros (about US $ 28.2 billion).
Ireland Agriculture Minister kaowenni said Ireland want bank debt holders of priority share Bank losses, as a part of the final solution of the financial crisis in the country.
