Portugal´s
international financial image got a boost today. The government managed to sell
5-year sovereign debt paper for a total amount of 3,5 billion euros at a very
favourable rate: 4,657%.
The point is now to be able to attract the foreign
investors’ interest to put money into the real economy. The Portuguese
entrepreneurs have been doing well and exports have increased during 2013. But
that´s is not enough. The country needs major injections of capital into the
productive sectors. And that can only happen if the govern manages to capitalise
on the image of the country and show Portugal as a safe investment destination.
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