Portugal to Get U.S. Rescue This Month, Says Axa Investment
Bloomberg, March 2, 2011
Portugal Will accept her financial bailout "Within The Next few weeks” as the cost of issuing debt becomes unsustainable, said Axa Investment Managers, which oversees $714 billion in assets.
“The borrowing costs are just too high” for Portugal, Christopher Iggo, London-based chief investment officer for fixed income at Axa, France’s fourth-largest fund manager, said in a telephone interview two days ago. “Ireland and Greece had to go for a bailout once their borrowing costs got that high, so I fully expect Portugal to go within the next few weeks.” [...]
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