The Portuguese rescue mission is progressing quicker than we thought.

The Eurogroup and ECOFIN ministers outlined the three pillars of the bailout package on Friday and notably it included an “ambitious” privatisation programme.

Translation: we’d rather not pay up to guarantee Portugal’s state railway company, thank you very much.

This entry was posted by Neil Hume on Friday, April 8th, 2011 at 14:20 and is filed under Capital markets. Tagged with Bailout, ECOFIN, Eurogroup, portugal, Privatisation, statement. Edit this entry.