Friday, March 25, 2011

Brussels Breakthroughs and Bailouts

EU leaders have reached an agreement on a permanent crisis fund that will swing into action in 2013.

Hanging over the talks was a large dark cloud called Portugal who will likely require a bailout sooner rather then later. Portugal's Prime Minister has resigned as he was unable to pass the fourth austerity package in the past year.

Here's a link to a great piece on the subject by Spiegel Online International.

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