Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Troika: Portugal program on track, clears review

Troika: Portugal program on track, clears review (by William L. Watts)

FRANKFURT (MarketWatch) -- Portugal's bailout program is on track, but challenges remain, the country's troika of international lenders -- the European Commission, International Monetary Fund and European Central Bank -- said Tuesday after completing a third quarterly review of the country's economic program. The review should clear the way for the disbursement of a 14.9 billion euro ($20 billion) tranche of aid to the country under the 78 billion euro rescue package approved last year. In a joint statement, the troika said the review found the country's 2012 deficit target of 4.5% of gross domestic product is within reach, provided the economy avoids any unexpected hits. The European Commission last week forecast the Portuguese economy to contract 3.3% in 2012 after a 1.5% contraction in 2011.