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Portugal, Ireland to Benefit From Greek Deal, Gaspar Says

Portugal and Ireland will benefit after European finance ministers eased the terms on emergency aid for Greece, Portuguese Finance Minister Vitor Gaspar said.

“This agreement limits the risks for Greece and for the euro area,” Gaspar said in parliament in Lisbon today. “Portugal and Ireland, which are program countries, will benefit through the conditions opened in the framework of the European Financial Stability Mechanism, according to the principle of equal treatment adopted in the euro-area summit in July 2011.”