- Enables disbursement of about Euro 1.5 bln.
- Says Portugal’s strong program implementation commendable.
IMF Deputy Managing Director Shafik said “The authorities strong program implementation, despite the difficult euro area environment, is commendable, and there are welcome signs of adjustment in the fiscal and external accounts”.
First bit of “good” news in awhile , but not sure what sort of effect it will have Euro wise .
