Portugal becomes third EU country to agree bailout

Portugal becomes third EU country to agree bailout

Portugal has reached agreement on a bailout from the EU and the International Monetary Fund.

Portugal's caretaker prime Minister Jose Socrates described the three-year loan, reportedly in the region of €78bn, as a "good agreement".

The EU, ECB and IMF officials have been working on a deal for three weeks.

Portugal is the third eurozone country to take a bail-out, after Greece and Ireland.

More on this topic

Ming: At least Greece are asking for debt measuresMing: At least Greece are asking for debt measures

Noonan talks tough as he demands ECB attends banking inquiryNoonan talks tough as he demands ECB attends banking inquiry

Draghi: Ireland's bailout decision 'not that stupid'Draghi: Ireland's bailout decision 'not that stupid'

FF: Trichet letters show Government was left with no choiceFF: Trichet letters show Government was left with no choice


More in this Section

Organisers of Hong Kong’s Tiananmen vigil appear in courtOrganisers of Hong Kong’s Tiananmen vigil appear in court

Coronavirus immunity may only last a few months, study suggestsCoronavirus immunity may only last a few months, study suggests

Poland’s Andrzej Duda set for second term as presidentPoland’s Andrzej Duda set for second term as president

Nelson Mandela’s daughter Zindzi dies at 59Nelson Mandela’s daughter Zindzi dies at 59


Lifestyle

Testing beauty products in shops is verboten for the moment, a restriction that depletes the whole retail experience, in my view. The chief reason to go bricks-and-mortar shopping for beauty it to try before you buy.Make a splash with your skincare this summer with the best water-based makeup

More From The Irish Examiner