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Germany's Merkel praises Portuguese austerity

12.11.12 @ 09:23

  1. By EUOBSERVER

Angela Merkel has said that Portugal is meeting the conditions in its debt reduction plan. “Portugal is meeting the commitments it has taken on very well”, she told Portuguese television on Sunday. Portugal, which got a €78 billion bailout in 2011, expects a 3% economic contraction in 2012.