Flash: Portugal's fall out - BTMU

FXstreet.com (London) - Lee Hardman, Currency Analyst The Bank of Tokyo-Mitsubishi UFJ, Ltd notes the continuation of problems in the EZ.

Key Quotes:

"The main development in the euro-zone was the collapse of talks between the coalition government and the main opposition party in an attempt to form a “national salvation” pact".

"The opposing Socialists pulled out of talks on Friday after the government rejected most of their proposals including to renegotiate Portugal’s bailout terms".

"President Silva has stated that he has been given additional guarantees that the coalition government will stick together".

"He also ruled out calling a snap general election two years ahead of schedule".