The German Finance Minister, Wolfgang Schäuble, said today after a meeting in the Algarve with his Portuguese counterpart, Maria Luís Albuquerque, that Portugal took the "right decision" to forego the final tranche of the Troika loan.
This is a somewhat different statement to that from the German government in Berlin which on hearing the news of Portugal’s inability to get a budget past the Constitutional Court, and hence its inability to draw down the final tranche of the bailout loan, expressed “deep concern that the programme has ended in this way and that it shows a loss of determination on the part of the Portuguese Government to continue and conclude the bailout programme.”