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Funding will be available for Portugal, EU leaders said (Photo: consilium.europa.eu)

'Euro-plus-pact' agreed amid Portugal crisis

EU member states have bowed to last minute German demands on funding the future permanent bail-out mechanism, and indicated financial support will be available for crisis-stricken Portugal if necessary.

Berlin's sudden change of heart this week over a previously-agreed funding schedule for the European Stability Mechanism had threatened to throw a spanner in EU leaders' efforts on Thursday's (24 March) to agree a package of measures to restore stability to the eurozone's wavering econo...

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Funding will be available for Portugal, EU leaders said (Photo: consilium.europa.eu)

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