Portugal reaches bailout deal with EU
World BusinessMay 4, 2011
Officials say bailout to be worth $115 billion over 3-year periodLISBON, Portugal (AP) ― Hard-up Portugal has negotiated an international bailout worth 78 billion euro ($115 billion) over a three-year period, officials said Tuesday.A government official, speaking on departmental rules of anonymity, told the Associated Press the amount includes aid for Portugal’s cash-strapped banks. The official d