Tuesday, March 22, 2011

'Portugal on Brink of Demanding Bailout'

Portugal Finance Minister Fernando Teixeira dos Santos says the country's political crisis looks increasingly likely to give it a "big push" towards an international bailout.

Santos, who was attending a European Union finance ministers' meeting on euro bailout plans in Brussels on Monday, said; “I see a consensus (between the government and opposition) as being further and further away."

He described the opposition parties as having become entrenched in their criticism of Prime Minister Jose Socrates' spending cuts, and reluctant to engage in a dialogue.'


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