Portugal's politicians back $115 billion bailout (AP)

Thursday, May 5, 2011 2:01 AM By dwi

LISBON, Portugal – Portugal's three important political parties hit presented their blessing to new nonindulgence measures in return for a euro78 billion ($115 billion) bailout.

The parties, which unitedly are prognosticate to amass around 80 proportionality of the vote in next month's election, say peaked Portugal has no other choice.

Authorities hit said the country won't be healthy to foregather debt repayments cod in June.

The International Monetary Fund and Portugal's European partners are putting up the money as they did for Greece and Ireland.

The center-right Social Democratic Party and Popular Party gave their respond to the bailout collection late Wednesday. The outgoing Socialist polity had already acknowledged it.


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