Portugal to extend loan moratorium to avoid jump in bad loans, Centeno says
Portugal will extend its
six-month suspension on debt repayments beyond September for as
long as it takes to avoid jeopardising the banking system with a
jump in bad loans when the measure is lifted, Finance Minister
Mario Centeno said on Wednesday.
six-month suspension on debt repayments beyond September for as
long as it takes to avoid jeopardising the banking system with a
jump in bad loans when the measure is lifted, Finance Minister
Mario Centeno said on Wednesday.
Posted by Reuters
