Portugal edges closer to needing a bailout

2011-03-10 16

Portugal's President Anibal Cavaco Silva has been sworn in as leader for a second term. His inauguration took place against a back drop of his country's worsening financial crisis. Although his position is largely ceremonial he has promised to cooperate with Portugal's minority socialist government in its implementation of a tough, deficit cutting budget. ... http://www.euronews.net/