Thursday, May 5, 2011

''THE PORTUGESE AGREEMENT'' FINANCIAL TIMES

A great scoop from the Portuguese newspaper Expresso — they’ve managed to get a copy of the draft memorandum of understanding between Portugal and the EU/IMF/ECB, as part of its three-year bailout.
You won’t find the total cost of the bailout or its interest rate here, but there’s much fine detail on the balance of austerity.

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