ECB purchase Portuguese bonds

By @ibtimes on

The European Central Bank purchased Portuguese bonds Monday; in an effort to aid the debt burdened country to reduce its deficit, following reports that emerged of Lisbon's need of a huge bailout from the EU and IMF.

Germany, France and other Euro-Zone countries are pushing Portugal to accept an EU-led bailout plan that could total €120 billion, according to market estimates.

Join the Discussion