2013-04-21
7 more years to Portugal
The Eurogroup gave more seven years to Portugal repay their loan.
In the short term is a good news for Portugal, because the annual repayment value of the loan will be reduced, but in the medium term this means that the value of accumulated accrued interest will be higher, so the loan will become more expensive.
So, although it is good news because it reduces the immediate pressure over the national budget, it is not something to celebrate.
In the short term is a good news for Portugal, because the annual repayment value of the loan will be reduced, but in the medium term this means that the value of accumulated accrued interest will be higher, so the loan will become more expensive.
So, although it is good news because it reduces the immediate pressure over the national budget, it is not something to celebrate.
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