Apr 16, 2011

Business - Portugal to get 80 billion euro bailout


Portugal to get 80 billion euro bailout

Courtesy Photo
José Sócrates, left, and José Manuel Barroso, far right.
EU finance ministers agreed to an 80 billion euro ($115.2 billion/1.95 trillion Kč) bailout for Portugal after months of speculation about the country's ability to dig itself out of debt, but the agreement could prove complicated as it demands harsh austerity measures during a time when Portugal is being led by an interim government.


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