Successful bond auction gives Portugal more time

Portugal's fight to avoid an Irish-style bailout has been bolstered today by a sucessful bond auction.

Wed, 19 Jan, 2011 - 14:59

Portugal's fight to avoid an Irish-style bailout has been bolstered today by a sucessful bond auction.

Demand was strong for the Portugese bonds and the interest rate demanded by investors fell to just over 4%, down from 5.2% last month.

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