Tag: Anibal Cavaco Silva

• Thursday, March 24th 2011 - 19:59 UTC

  Portugal has Euro zone on the brink; bail out package considered at EU summit

  

  EU leaders are grappling with a new Euro zone threat after Portugal's parliament rejected an austerity budget and PM Jose Socrates resigned. The vote means an international bail-out, similar to those accepted by Greece and the Irish Republic last year, is now far more likely.