EU confirms Portugal's intention to seek bailout

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    "The Portuguese¹ Prime Minister, Jose Socrates, today informed the President of the European Commission, Jose Manuel Durao Barroso, of the intention of Portugal to ask for the activation² of the financial support mechanisms," the Commission said in a statement released on Wednesday night.

    "The President of the European Commission assured that this request will be processed in the swiftest possible manner, according to the rules applicable," the statement said.

    Barroso reaffirmed in the three-paragraph statement his confidence in Portugal's capacity to overcome the present difficulties, with the solidarity³ of its partners.

    There has been wide expectation that it's only a matter of time before Portugal asks for a bailout from the European Union after Portuguese Prime Minister Socrates resigned on March 23 following rejection⁴ of his austerity plan by the parliament.

    Portugal would become the third eurozone country that has to seek financial aid from the EU after Greece and Ireland.(本文由在线英语听力室整理编辑)

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