Portugal Has No Need For Bad Bank, PM Costa Says

Portugal Has No Need For Bad Bank, PM Costa Says

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Costa said his government was working with the national central bank to further stabilise the banking sector by setting up a platform for banks to coordinate the repayment of debts, as many firms had loans with several lenders.

However efforts to end one of the world's deadliest diseases - which kills around 430,000 people a year - are under threat as mosquitoes become increasingly resistant to measures such as insecticide-treated bed nets and anti-malarial drugs.

BERLIN, May 30 (Reuters) - Portugal's banks show no signs of needing further state aid and the country does not need a bad bank, Prime Minister Antonio Costa told German newspaper Handelsblatt in an interview published on Tuesday.

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