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EU Portugal Bailout

  • EU says EFSF, EFSM, IMF to each finance 1/3 of Portugal aid
  • Approval of EU78 billion aid for Portugal was unanimous
  • Calls Portugals deficit cuts ‘ambitious but credible’
  • Portugals aid program to run for 3 years
  • ‘Encourages’ investors to keep ‘voluntary’ Portugal exposure