Mid-May deadline set for Portugal bailout deal

AFP English 2011-04-08

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Euro finance ministers instructed the EU, the ECB, IMF and Portugal's politicians to negotiate the country's bailout by mid-May for implementation after June 5 elections, Eurogroup head Jean-Claude Juncker said Friday. Portugal's debt bailout will likely reach 80 billion euros ($115 billion) and include "an ambitious privatisation programme," EU Economic Affairs Commissioner Olli Rehn detailed Friday. Duration: 00:53.

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