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EU Finance Ministers Set to Approve Portugal Rescue Package
European Union finance ministers are set to approve a 78 billion-euro ($111 billion) bailout for Portugal at a meeting in Brussels. “What I expect today is that the program as well as the financing program will be approved today,” Portuguese Finance Minister Fernando Teixeira dos Santos told reporters before talks began. “I believe that all the issues that we had to clarify were clarified.” German Finance Minister Wolfgang Schaeuble and others were upbeat about Portugal’s aid request before a meeting that may be dominated by discussion of a new rescue package for Greece and clouded by the arrest in New York ... (full story)