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Portugal Approves Austerity Budget

Portugal Approves Austerity Budget

The budget plan for 2011 is aimed at reassuring nervous lenders that the country can avoid a bailout by meeting its deficit-cutting targets.

 

Officials See Irish Rescue at 50 Billion Euros, at Least

The ultimate size will depend on whether Dublin merely tries to shore up and restructure its crippled banks, or whether a larger package is offered to give it more breathing room.

 

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