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7/20/13

Portugal ruling party vows to meet bailout goals after pact talks fail

Portugal's ruling Social Democrats (PSD) said on Saturday their coalition government would press on with meeting the country's economic bailout goals after talks on a broader political deal sought by the president collapsed.

Reigniting a three-week-old political crisis, the two centre-right coalition parties and main opposition Socialists broke off talks on Friday on a "national salvation" pact to ensure an EU/IMF bailout stays on track, leaving it to the president to decide how to proceed.

President Anibal Cavaco Silva will make a televised statement on Sunday at 8:30 p.m. (1930 GMT), the president's office said. It would not provide any details.

Read more: Portugal ruling party vows to meet bailout goals after pact talks fail | Reuters

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