Wednesday, May 4, 2011

Portugal to Receive $116 Billion from the EU and IMF

Portugal agreed to deal terms that would provide 78 billion euros in financing over three years from the European Union and International Monetary Fund. Stipulations include a required 2011 budget deficit of 5.9% of GDP. 

Wall Street Journal, May 4, 2011
Portugal Reaches Deal on Bailout

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