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Portugal To Exit EU Bailout Program

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Portugal To Exit EU Bailout Program

Business

Portugal To Exit EU Bailout Program

Portugal To Exit EU Bailout Program

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  • Transcript

After this month, officials in Portugal say they will no longer need further assistance form the European Union bailout plan.

STEVE INSKEEP, HOST:

A European nation giving up its credit line is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: Portugal says it will exit its European Union bailout program this month. It says it will not need further assistance. This is a big milestone. That small nation once accepted a bailout worth 78 billion euros. Now, Portugal has recovered enough from the global financial crisis to say it can leave, making it the second country after Ireland to pull out of the bailout.

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