Portugal preps return to debt market as crisis abates

|By:, SA News Editor

"All indicators are pointing to signs of life in the economy," Portugal's new Finance Minister Maria Luis Albuquerque said, in her first media interview.

Portugal may seek to borrow more money in the next few months "through an existing bond program [or by swapping] an existing bond for another with a longer maturity."

Albuquerque also said that although the country will likely not issue a new bond before the beginning of next year, Portugal is looking to regain full market access by mid-2014.

The country is expected to be the second bailed-out nation to return to the debt market after Ireland, marking a major milestone in the eurozone periphery's attempt to dig itself out of a crippling debt crisis.

Portugal is fully funded for 2013.

Periphery ETFs - EWP, EWI, GREK, EIRL