Berlin, March 3 (Lusa) -- Europe needs to shore up confidence in the euro

"Portugal does not need external aid to solve its sovereign debt crisis, but wants firm EU action to calm international financial markets concerned over the euro's stability, according to Prime Minister José Sócrates.

Sócrates reaffirmed Lisbon's position Wednesday after talks with German Chancellor Angela Merkel in Berlin, saying Portugal had the conditions to resolve its financial predicament on its own.