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(Image from article: "Portugal Approves Austerity Budget")

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Portugal Austerity Pac... Topics

Portuguese go to polls as country grapples with bailout

Portugal will elect a new government on Sunday which will lead the country through a period of deep austerity and recession after it received a 78-billion-euro ($114 billion) bailout from the European Union and IMF.

 

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.

 

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