International News: Portugal May Need Second Bailout

Portugal May Need Second Bailout If Greece Defaults: PM 09/21/2011 - 03:21:00 (RTTNews) (RTTNews) - Portugal is set to face serious consequences if Greece defaults on its debt and may need a second round of aid, Prime Minister Pedro Passos Coelho said in a television interview on Tuesday. Speaking to RTP television, Passos Coelho said he is not ruling out the need for a second bailout for Portugal in the event that something severe happens in Greece. "If anything very serious happens in Greece, we cannot exclude that possibility," he said. He stressed on the need for his country to meet, and also exceed, the targets set in the financial bailout plan. Portugal is trying hard to distinguish itself from Greece amid increasing concerns over the latter defaulting on its debt. Passos Coelho said if something happens in Greece, then it is important that those who can help Portugal can do so convinced that what happened in Greece will not happen in his country. For comments and feedback: contact editorial@rttnews.com Copyright(c) 2011 RTTNews.com. All Rights Reserved