Monday, September 23, 2013

Angola Willing To Help Portugal

Angola is trying to help Portugal as they go through a financial crisis. It is estimated that their economy is going to shrink by 2% each year and Angola's is supposed to increase by 12%. So they are working together so that it will benefit both economies. They are giving Portugal a 107bn bailout but they have to agree to open up new economic reforms. Angolan companies own 3.8% of the companies in Portugal's stock exchange. Overall they want to take their financial crisis to strengthen their relationships with neighboring countries.

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5 comments:

  1. AnonymousSeptember 23, 2013 at 2:14 PM

    sounds good

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  2. AnonymousSeptember 24, 2013 at 6:09 PM

    Great system to help the economy and country overall.

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  3. AnonymousSeptember 24, 2013 at 6:39 PM

    It sounds like a win-win situation.

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  4. AnonymousSeptember 24, 2013 at 6:39 PM

    This comment has been removed by the author.

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  5. AnonymousSeptember 25, 2013 at 7:32 AM

    Angola is very generous for helping out Portugal while they go through a financial statement that is going to continue to decrease by 2%

    ReplyDelete

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