Axa says Portugal will accept bailout within few weeks

By @ibtimes on

Axa Investment Managers, France's fourth-largest fund manager, said Portugal is on its way to accept a bailout from the EU and IMF within few weeks after its 10-year bond yield climbed to 7.64% last month, the highest on records.

Axa mentioned that the same scenario forced both Greece and Ireland to receive financial aid to restore stability in financial markets.

This issue may be discussed in the EU leader's summit on March 24-25, especially after Germany announced the readiness of EU economies to ease debt conditions for highly indebted nations.

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