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04.05.2011
The EU and the IMF will help Portugal to almost 80 billion euros
The EU and the IMF will help Portugal to almost 80 billion euros

The EU and the IMF will allocate financial assistance to Portugal. In this case, the Secretariat of the Government of the country declares a State's intention to request a loan totaling 78 billion euros.

At the same time acting Prime Minister said that Portugal will get more time to reduce the budget deficit than previously estimated. Now, before the end of this year's budget deficit should be reduced to 5,9% of GDP before 2013 to 3%.

The deadline for assistance is June 15, when Portugal was to pay about 5 billion euros at current debts, according to www.bbc.co.ua.

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