Eurozone sets bail-out terms as Portugal fears increase

Gerald · 03-25-11, 07:17 AM

European leaders have agreed a restructuring of a financial bail-out fund that they hope will resolve the bloc's debt crisis.

Eurozone ministers bowed to German demands to renegotiate the time-frame for contributions to the massive fund.

But the deal was overshadowed by concerns about Portugal and a growing row that the UK may be forced to contribute to a financial bail-out.

Portugal says it does not need aid, but many analysts say Lisbon is in denial.

The eurozone debt deal follows months of negotiations.

http://www.bbc.co.uk/news/business-12858207

Note: 25 March 2011 Last updated at 10:25 GMT

03-25-11, 07:17 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Eurozone sets bail-out terms as Portugal fears increase European leaders have agreed a restructuring of a financial bail-out fund that they hope will resolve the bloc's debt crisis. Eurozone ministers bowed to German demands to renegotiate the time-frame for contributions to the massive fund. But the deal was overshadowed by concerns about Portugal and a growing row that the UK may be forced to contribute to a financial bail-out. Portugal says it does not need aid, but many analysts say Lisbon is in denial. The eurozone debt deal follows months of negotiations. http://www.bbc.co.uk/news/business-12858207 Note: 25 March 2011 Last updated at 10:25 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie