Edition 1279
26 July 2014
Edition: 1279

Read this week's issue online exactly as it appears in print.

Twitter

Portugal and Sweden have “close vision” of how to survive crisis, says PM

by TPN/ Lusa, in Regional · 04-04-2013 10:11:00 · 0 Comments

“Portugal and Sweden have a very close vision of what is necessary to do to get through this crisis and prevail”, said Portuguese Prime Minister Pedro Passos Coelho during an official visit of Swedish Prime Minister Fredrik Reinfeldt on 27 and 28 March. But as become customary, any meeting involving the Prime Minister was greeted by protestors.

Portugal and Sweden have “close vision” of how to survive crisis, says PM

Speaking in Oporto, where the Portuguese head of state and his Swedish counterpart visited a University in Oporto, Passos Coelho added that “Sweden has been an important support, political and diplomatic, both within a European context and outside Europe”, and commented that “over the years Portugal has stirred the interest of Swedish investment.”
The Swedish Prime Minister’s visit to the Oporto University was blighted by protestors who awaited his arrival sporting banners that read: “Screw the Troika, we want our lives back.”
Stressing that “Sweden is a very important partner for Portugal and Portuguese businesses”, Passos Coelho drew comparisons between changes that have taken place in Sweden and those that Portugal is currently going though.
“Deeper micro-economic reforms are needed as well as a greater economic and commercial opening and it is also necessary to deepen the European internal market in terms of services”, an area which has kept itself out of that circuit.
Underlining the importance of the country gaining “healthier growth patterns”, the PM stressed: “We are in a situation that has many uncertain variables, with the crisis in Cyprus, which shows the relevance of maintaining stability within the EU to stop similar situations from happening in the future.”
Regarding the possibility of the Cypriot crisis spreading to other bailout countries, Passos Coelho reassured: “There is no risk of disturbances within the financial system and I hope there are no attempts to cause suspicion among depositors. Cyprus is a very unique case and not an example for other countries.”
Fredrik Reinfeldt recalled how “Sweden has been through complicated situations similar to what Portugal is going through. It managed to overcome them via unpopular structural reforms but which allowed competition to be increased.”
“The budget aspect becomes increasingly important because open economies are more vulnerable to markets if they have high deficits”, the Swedish PM concluded.

Comments

Be the first to comment on this article

Interactive Topics, send us your comments/opinion on this article.


Please enter the letters as they are
shown in the image.
Letters are not case-sensitive.
Edition 1279
26 July 2014
Edition: 1279

Read this week's issue online exactly as it appears in print.

Twitter

Pub

  • BBC
  • Oliveira Trindade Advogado
  • Advertise
  • Good Life Spas
  • Abbeygate
  • Algarve Weddings
  • Meravista
  • Blevins Franks
  • Terrace Gardens
  • Portugal Property

Weather

Faro Lisbon Porto
Today
Sunny
31ºC
18ºC
Sunny
29ºC
17ºC
Sunny
30ºC
17ºC
Tue
Sunny
33ºC
19ºC
Sunny
33ºC
21ºC
Sunny
33ºC
18ºC
Wed
Sunny
32ºC
19ºC
Sunny
31ºC
18ºC
Sunny
38ºC
18ºC
Thu
Sunny
32ºC
18ºC
Sunny
29ºC
17ºC
Sunny
31ºC
13ºC
Fri
Sunny
33ºC
18ºC
Cloudy
27ºC
17ºC
Sunny
27ºC
16ºC