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The hope now is that this will stand Portugal in good stead if the country needs to follow Greece in seeking a second bail-out.
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He adds that Portugal cannot afford to miss this opportunity.Mr Passos Coelho's bold ambitions to go further are partly intended to demarcate Portugal from Greece, where a failure to hit fiscal targets has led Athens to seek a second bail-out.
The first programme was insufficient, leading to a second bail-out.
After months of discussion European leaders agreed on July 21st to give Greece a second bail-out.
Euro-zone finance ministers at last agreed to a second bail-out for Greece worth some €130 billion ($170 billion).
The first is that a third bail-out could include some form of debt restructuring.
See articleIKB, a stricken German bank, received a third bail-out.
A third bail-out may nod towards this by, for example, further extending debt maturities.
As private financing is still not an option, Greece will be looking at a third bail-out.
If its cash-strapped government survives until the end of June, it may need a third bail-out.
But it is not clear if the bank would do that before the euro zone agrees to disburse the bail-out cash.What about this talk of a third bail-out?
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