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Portugal preps return to debt market as crisis abates

  • "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
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