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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

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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