The EU commissioner for economic policy wants greater transparency regarding member states budgets

Portugal raised 2- Bbillion euros on Wednesday, attracting solid demand for a 2- year and a 10 year bond issue. There had been some concerns that Portugal might have difficulty attracting investment. Like Greece it is a small economy struggling with an expanding deficit and needs to raise 24- Bbillion Euros this year. A European Commission report on Wednesday also warns that the country must be willing to redouble efforts if fresh difficulties emerge.