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10/5/13

Portugal passes latest eurozone bailout test

Representatives from the International Monetary Fund, the European Commission and the European Central Bank have approved Portugal's economic progress.

A programme of cuts and reforms was promised by Portugal's leaders in return for its May 2011 bailout.

The latest visit from the so-called troika means the next instalment of bailout funds will be granted.
But the government has been unable to persuade the lenders to ease the target for next year's budget deficit.

Read more: BBC News - Portugal passes latest eurozone bailout test

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