Friday, November 26, 2010

Portugal adopts deficit-reducing austerity plan (AP)

People use automated teller machines Thursday, Nov. 25 2010, in downtown Lisbon. Portugal is bracing for an increase in speculative trades against it as some investors expect it to be the next European nation to need a bailout now that Ireland is taking a massive loan to prop up its banks. According to recently released figures from the Bank of Portugal, the Portuguese have been withdrawing more money from their bank accounts in the past months. (AP Photo/Armando Franca)AP - Portugal's Parliament has approved a plan to hike taxes and cut salaries and welfare benefits next year in a bid to reverse waning market confidence in its public finances.


Cheryl Burke Cheryl Tweedy Christina Applegate Christina Milian Christina Ricci

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