Portugal will sell 10-year bonds repayable in 2014 and 2020 today to raise as much as 1.25 billion euros.

Tomorrow, Spain will sell five-year bonds worth 3 billion euros and Italy intends to gather 6 billion euros through auctioning bonds due 2026 and 2015.

Speculations increased this week that Portugal is under pressure from Germany and France to accept a bailout from the EU and IMF, yet Socrates, the Portuguese Prime Minister, confirmed yesterday that Portugal is not intending to ask for help.