For the Portuguese government to intervene and rescue and ailing bank, it is necessary to show that the money needed is essential and would have to be approved by the European authorities, according to Portugal’s Finance Minister.
Consumer prices in the eurozone rose on average 0.5% in June, unchanged from a month earlier, according to latest official figures.
In Portugal, there was a drop of 0.2% in June, which means that Portugal remains in deflation.
For all the eurozone countries, only Greece, Portugal and Slovakia are in negative inflation.
Spain and Cyprus are at zero rate of inflation.
On average, prices in the eurozone fell for vegetables, fruit and telecommunications, but rose for rents, restaurants and cafes.
Meanwhile, construction in the region dropped by 1.5% in May compared to April.
While the decline in Portugal was below the average, dropping 1.2% in May, there was a large drop of 10.2% for the year. This was the greatest annual decrease in construction out of all the eurozone countries.
