Portugal Wins Aid, Heightening Euro Backlash Over Bailouts
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Portugal won a 78 billion-euro ($116 billion) international aid package, fanning domestic controversy over budget cuts amid an election campaign and renewing discontent in Europe’s richer countries over bailouts.
Emergency lending for Portugal lifted the cost of fighting Europe’s debt crisis to 256 billion euros just as speculation mounts that Greece, the country where it started, is plunging into a deeper financial hole.