Yahoo! Finance - "Europe's Downward Spiral: Portugal Gets Bailout But Greek Default Unavaoidable" E-mail
Monday, 16 May 2011 13:17

The European bailout parade continued Monday as EU and IMF officials agreed to a 78 billion euro ($116 billion) package for Portugal. The plan must still be approved by all EU members and Portugal's Parliament but policymakers were apparently undeterred by the scandal engulfing IMF President Dominique Strauss-Kahn, a.k.a. "Mr. Bailout."

 

 

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