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Germany's Schaeuble : No Doubt Portugal Will Continue Reforms

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11/21/2012 | 06:41pm CEST

By Andreas Kissler and James Angelos

BERLIN-German Finance Minister Wolfgang Schaeuble Wednesday praised Portugal for remaining focused on reforming its economy as a "shining example" of the euro zone's efforts to stabilize the 17-nation currency bloc.

"Portugal is doing extraordinary work in a difficult situation," Mr. Schaeuble told reporters on the sidelines of a conference at the German finance ministry. "Portugal is on the right path. Portugal will continue along the path, I have no doubt about that."

Mr. Schaeuble was making a brief statement together with Portuguese Finance Minister Vitor Gaspar.

Write to Andreas Kissler at Andreas.Kissler@dowjones.com and James Angelos at James.Angelos@dowjones.com

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