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Nowotny: “Portugal in Much Better Shape Than Greece”

Published: March 21, 2012; 11:02 · (Vindobona)

The Governor of the Austrian Central Bank (OeNB) and ECB Council Member Ewald Nowotny is optimistic on Portugal´s medium-term prospects. The country faces much less liquidity constraints than Greece.

Nowotny: “Portugal in Much Better Shape Than Greece” / Picture: © Wikipedia / Christian Wirth (Wirthi)

European Central Bank council member Ewald Nowotny said Portugal is “in much better shape” than Greece and predictions by Pacific Investment Management Co. it may need more money are “extremely problematic.”

“I consider this announcement by an asset manager, who is also following his own interests, to be extremely problematic,” Nowotny wrote in a live online chat with…

This article includes a total of 278 words.

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