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Portugal becomes third EU country to agree bailout

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

Portugal becomes third EU country to agree bailout

Tue, 03 May, 2011 - 23:15

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".

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