Portuguese Government, Opposition Reach Agreement on Budget
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Portugal’s government and biggest opposition party reached an agreement that will allow the 2011 budget to pass as the nation aims to narrow the euro region’s fourth-biggest fiscal shortfall.
“The country is going through a difficult period, and understandings are necessary for fundamental policies,” Eduardo Catroga, a former finance minister who represented the opposition Social Democratic Party in the talks, said in Lisbon today. “The agreement is good for Portugal.”