ECONOMY

Portugal cries foul as Greece seeks less painful way out

Facing challenges similar to those in Greece, Portugal worked on putting its house in order and followed Ireland in May to exit its three-year bailout from the European Union and International Monetary Fund without the safety of a precautionary credit line.

As Greece now seeks a less painful way out, some in Portugal are crying foul.

“It’s important for everyone in the European Union that Greece respect its commitments, comply with European rules like everyone,” Portuguese Prime Minister Pedro Passos Coelho (photo, right, with former Greek Prime Minister Antonis Samaras in 2012) said last week.

“Each one has to do their part. During these three years, we did our part of the job and so we can demand that the others also do so.”

[Bloomberg]