Political Crisis in Portugal Bad Timing for EU Summit

(Euronews: 0800 PST, March 24, 2011) Europe's leaders are meeting today to sign off on a plan to defend the euro after months of financial turbulence, but Portuguese Prime Minister Jose Socrates resigned after parliament rejected his minority government's plan to avoid a bailout. Socrates' resignation causes a new dilemma for the EU and IMF if Portugal does decide to seek an financial bailout.

 

 
 

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