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Portugal Asks for Bailout Aid, Trichet Awaited ECB Rate Hike

posted by Avatar FXTimes 413 days ago in EUR, Fundamental, Sentiment made popular 413 days ago

There is a sharp contrast in Europe today as the ECB embarks on tightening the same day that Portugal succumbs to the pressures of its fiscal position and formally requested aid from the European Union. It becomes the 3rd country to do so in the Euro-zone following Greece and Ireland. The work not begins on working out a bailout package which may t
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