Portugal agreed on bailout terms – update
03 May 2011
Outgoing Prime Minister José Socrates said on a brief statement, on Tuesday, that Portugal has agreed with the European Union and IMF on a three-year, 78-billion-euro ($116 billion) bailout loan. After nearly a month of negotiations, “The government has obtained a good deal. This is a deal that defends Portugal,” said Socrates, adding “The agreement […]












