Portugal's policymakers agrees on deadline for "national salvation pact''

Source: WBP Online
© Scanpix/AFP
Portugal's major political parties and the main opposition party agreed that July 21 is the deadline for an agreement on austerity measures, which President Cavaco Silva demanded last week. The agreement is necessary for a 78 billion Euro bailout requirement execution. When the President called for the pact last week, local stock markets fell 2%, reacting to political instability in the country.
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