BERLIN, May 30 (Reuters) - Portugal's banks show no signs of needing further state aid and the country does not need a bad bank, Prime Minister Antonio Costa told German newspaper Handelsblatt in an interview published on Tuesday.
It said it would be ending direct delivery of products to supermarkets and big-box retailers and instead ship those products to warehouses before they move to retailers' distribution centers. Earlier this year, Kellogg said it would close nearly 40 distribution centers and use a warehouse system. That's a system the company already was using for the majority of its products.
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Costa said his government was working with the national central bank to further stabilise the banking sector by setting up a platform for banks to coordinate the repayment of debts, as many firms had loans with several lenders.
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