Bailout signals Lisbon’s capitulation to financial markets
Saturday, April 9, 2011 Having resisted financial-market pressure for months, Portugal has finally requested an International Monetary Fund (IMF) and European Union bailout. The emergency loan, believed to total around 75 billion euros, comes three weeks after the country’s prime minister, José Sócrates, resigned following parliamentary rejection of his government’s proposed austerity measures. Following recent […]
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