Business Recorder
May 12, 2025
PRINT EDITION ►
BR MARKETS ►
Dollar to PKR ►
Home
Latest
BR Research
Markets
☰
✕
Home
Latest
BR Research
Markets
Business & Finance
World
Editorials
Opinion
MENA
Technology
Life & Style
Sports
Perspectives
Pakistan
Supplements
Print
Close the sidebar
Ad
Portugal needs unity, quick return to growth
Muhammad Iqbal
09 Jul, 2013
Facebook
Twitter
Whatsapp
Ad
Facebook
Twitter
Whatsapp
Read Comments
![](https://i.brecorder.com/images/2013/07/portuga300.jpg">LISBON: Portugal needs political stability to complete its aid programme but must also focus on bouncing back quickly from recession, the minister appointed to coordinate economic policy said on Tuesday.</P><P>Paulo Portas, who heads junior coalition party CDS-PP, resigned as foreign minister last week, deepening a political crisis that threatened both the government and the 78-billion-euro bailout that Portugal is due to exit next year.</P><P>A frequent critic of the austerity measures forced on Portugal under the terms of the rescue, Portas quit last Tuesday in protest at the appointment of Treasury Secretary Maria Luis Albuquerque as finance minister in place of Vitor Gaspar, who had resigned the previous day.</P><P>But on Saturday Prime Minister Prime Minister Pedro Passos Coelho named Portas as deputy prime minister and coordinator of economic policy in an effort to defuse the crisis.</P><P>In his first public comments since then, Portas said conditions for political stability were in place, which were )