Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Pressure on Portugal eases after crisis defused

Portuguese stocks rose on Monday, the country's borrowing costs fell, after the ruling crisis by the decision, make the fragile alliance continue to remain in charge, can eliminate the prospect of early elections now been demolished.
Lisbon, the PSI 20 exchange shares rose 1.7% in afternoon trading, the benchmark 10-year Treasury rate dropped 0.36% to 6.37%.
After get to boost the confidence of investors, the President arnie, barr slip, silva said Sunday night that Portuguese league is the best choice to stay in power. It is almost broken, on July 2, the ministry of foreign affairs minister Paul switch-off resigned. Prime minister pedro paso, coelho seeking savings coalition by switch-off provide a location as his deputy.
Silva did not say whether he will accept the switch-off nomination to the new position. But he decided to give another chance to replace Mr Hal riaz ahead of elections in the possibility of widespread public discontent, harsh austerity measures, the government has pushed to 7.8 billion euros ($10.2 billion), international aid to abide by the terms.
Analysts are divided into whether the government will survive until the election of 2015.
"Before a cabinet reshuffle expected slip silva before intervention, is still possible in the near future, and the looming election is bad now, the government is unlikely to continue, until 2015," said Mr Rahman Mujtaba, in Eurasia group, a political risk consulting firm, in pay attention to the customer.
Alliance of the two principal political parties have been at odds with the painful economic policies carried out by the austerity and expectations, make life more difficult, the Portuguese citizens have a difficult time. Summarizes the reform, must realize in the next two years of proposals may be submitted to the parliament, sometime this summer, Mujtaba said.
, based in London UK said Michael hewson, an analyst with CMC Markets: "is expected to double the stagger trying to implement the bailout agreement, Portuguese President decide what measures are taken, next". "It failed to take political consensus is becoming in southern Europe, are all too familiar."
Hewson said, investors are still worried about, Portugal may not be able to issue new debt, next year. If you can't keep it out of its current rescue plan, the program in 2014, the country may be forced to seek other assistance.



Other News:
Pressure on Portugal eases after crisis defused
Federal prosecutors preparing to charge SAC Capital
Militants kill 14 Shi'ites after checking ID cards in north Iraq
Survey shows China manufacturing to 11-month low
Suicide bomber attacks Iraq army convoy, killing 25
Hyundai's 2Q profit down on lower SKorean sales
Spain's financial crisis gobbling up top eateries
House GOP, Democrats clash over immigration