Portugal's situation remains tenuous, IMF says

04/6/2012 | Wall Street Journal, The

The International Monetary Fund released a report saying European nations should remain prepared to offer support to Portugal but that the country likely will have access to financing through markets. "Staff continues to consider that Portugal will recover access to medium- and long-term market financing within the program period," according to the report. "However, there is a non-trivial risk that market access could be delayed, and should such risks materialize, euro area lenders may be called upon to provide adequate support to Portugal so long as performance under the program is on track."

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