Portugal: Officials say bailout to be $115 billion

posted by
May 3, 2011
Raleigh News & Observer    
Posted in News

"Hard-up Portugal has negotiated an international bailout worth euro78 billion ($115 billion) over a three-year period, officials said Tuesday. A government official, speaking on departmental rules of anonymity, told The Associated Press the amount includes aid for Portugal's cash-strapped banks. The official did not provide further details." (05/03/11)



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