Portugal held its 10-year debt sales since last Tuesday for the first time, it will need a bailout in 2011, said efforts to restore the confidence of investors, to prove its a milestone payments in the controversial austerity, shut down.
Portugal didn't sell long-term debt, because it needs a 7.8 billion euro ($10.2 billion) bailout two years ago. Three major international rating agencies downgraded Portugal's credit rating to junk, heavy debt of state, has scared investors for the victim of the financial crisis in the euro area.
More and more attention, the Portuguese have too much debt and too little growth markets to lend money. Send interest rates or yields, the country to pay its rate of more than 7% of the 10-year bonds - can't afford to sell debt, forcing the Portuguese request from the international monetary fund (IMF) and its European partners to help.
As the 17 euro-zone countries try to reduce its debt burden, the Portuguese has been in the heart of the debate the advantages of austerity bailout creditors request, in return for their loans.
Many Portuguese international economic experts say at a record rate of 17.5% over the past two years, pay cuts and tax increases. The government is expected to decline for the third consecutive year in 2013.
Sao Paulo, but foreign minister wave, a business meeting in Lisbon, said the government's economic reform is to sell bonds of evidence. Recently, Portugal's 10-year Treasury yields have fallen to around 5.5%. Last year, the yields of double-digit respectively.
Finance minister vitol, gaspar, said early indications that sold in interest rates will be lower than 5.7%, and in the middle of the morning market demand of about 900 million euros.
"Operation has achieved great success," he told Portuguese media in a visit to Brussels.
Sell aid resort, its inspectors to return to rees three-year recovery plan on Tuesday, should be restored Portugal's fiscal health assessment of complying with is good news.
Portugal is keen to it's more like Ireland - perseverance adhere to its fiscal tightening plan, also held the first bond sales this year since the financial rescue - than Greece needs a second round of relief and turned to violent street protests have. European leaders are eager to avoid a repeat of Greece's records, and put them in the three-year crisis behind them.
Coalition government, however, there is a hard to persuade the Portuguese, their sacrifice is worth it. Prime minister pedro paso, coelho announced last week that it plans to cut 480 million euros in the next three years.
Government workers, retirees and those unpopular cuts in public services will bear the brunt. But paso, coelho said, must reduce government spending or rescue the lender bailout money, this is a stage, will not be released.
The Treasury bond sales are expected to report results late on Tuesday.



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