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Portugal gets extra year to cut budget deficit

11.03.13 @ 12:40

  1. By EUOBSERVER

Portugal international lenders will give the bailed-out country an extra year, until 2015, to cut its budget deficit below 3 percent of GDP, according to Reuters. Inspectors from the "troika" of lenders - the European Commission, European Central Bank and International Monetary Fund - are in Lisbon this week.

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