Wednesday, May 4, 2011
Cold water poured on Lisbon leniency claims
Economists and European policymakers played down suggestions by José Sócrates, Portugal’s caretaker prime minister, that the country’s €78bn bail-out package is more lenient than similar programmes agreed by Greece and Ireland.Mr Sócrates said the European Union and International Monetary Fund recognised Portugal’s debt crisis was less serious by giving the country more time to reduce its budget deficit than previously planned by the Lisbon
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