Stig Östlund

torsdag, april 07, 2011

Portugal Forced to Request EU Bailout

Portuguese Prime Minister Jose Socrates has been insisting for months that he would not ask the EU for help. But on Wednesday he announced he was doing just that, after bond yields reached an unsustainable level. The bailout could amount to as much as 80 billion euros.


Portugal has asked the European Union for a bailout, following in the footsteps of Greece and Ireland to become the third euro-zone member to request help from Brussels

DER SPIEGEL

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