LISBON, Sept. 29 (Xinhua) -- Portuguese Prime Minister Antonio Costa said Tuesday that his country will not resort to loans offered by the European Union's recovery fund, and will only use the grants of 15.3 billion euros (17.91 billion U.S. dollars) from the program.
"Portugal has a very high public debt and assumes to come out of this crisis stronger from a social point of view, but also more solid from a financial point of view," he said in a speech at an event attended by European Commission President Ursula von der Leyen, who is on an official visit to the southern European country.
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