ECB’s Costa: Economic growth will determine Portugal’s sustainability of Public financesa
- Vital that economy starts growing during bailout implementation
- Portugal’s financial system has critical role in securing success of the bailout programme
- Need to restablish normal conditions for market access by Portuguese banks
- Banks have to adapt capital ratios in order to absorb unexpected shocks, with out creating systemic risk
- Deleveraging unavoidable for Portuguese banks
- Fiancial system is solid and has trust of its clients
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