Skip to content
Subscriber Only

Portugal to Start Talks on Bailout as Spain Threat Eases

Portugal is set to start hammering out a bailout package that may total 75 billion euros ($107 billion) as it becomes the third euro-region country to seek European Union aid.

The Portuguese government will make a formal aid request to the European Commission today, government minister Pedro Silva Pereira said today at a press conference in Lisbon. The request comes as Finance Minister Fernando Teixeira dos Santos travels to Budapest to meet with other officials from the other 16 euro nations near Budapest tomorrow.