Portugal expected to exit bailout without further loans

Portugal in the coming days is expected to announce its exit from the EU-IMF bailout without further loans to cushion the transition, with the government reaffirming Wednesday (30 April) its commitment to reduce the budget deficit.

After three years of austerity measures linked to the €78 billion rescue, the government said it expects to have room to start reversing public sector salary cuts from 2015, while still sticking to the deficit reduction targets.

But the salary increase ...