05.05.2014 - 06:56 [ Market Watch ]

Portugal says it plans to exit bailout

Prime Minister Pedro Passos Coelho announced Sunday that his government had decided not to seek a precautionary credit line from the lenders—its European Union peers and the International Monetary Fund—and will rely solely on markets for financing after taking the final installment of a €78 billion ($108 billion) bailout package next month.