IMF Will Work on Portugal Bailout Plan With European Union
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The International Monetary Fund has received a financial aid assistance request from Portugal and will work on a bailout plan with European Union authorities, Managing Director Dominique Strauss-Kahn said.
“We are prepared to move expeditiously on this request and hold swift discussions with the Portuguese government, together with the European Commission and the European Central Bank, on an economic program, supported by the main political parties, that could provide the basis for fund financial assistance,” Strauss-Kahn said in a statement released in Washington today.