Portugal's Minister of Finance, Maria Luís Albuquerque, (pictured) has confirmed that the government has decided not to ask for an extension to the bailout programme, preferring to forego the final €2.6 billion of money due under the agreed schedule.
After the Constitutional Court rejected three key government cost saving measures in the 2014 Budget ministers decided not to submit any alternative measures to fill the + €600 million funding gap as these too may be kicked out by the Constitutional Court and time is running out.