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Europe Daily Bulletin No. 10380

18 May 2011
GENERAL NEWS / (eu) eu/eurogroup
Unanimous support for loans to Portugal

Brussels, 17/05/2011 (Agence Europe) - On Monday 16 May 2011, the Eurogroup unanimously endorsed the three-year austerity programme that Portugal will be required to implement in exchange for international aid in the form of loans of €78 billion (see EUROPE 10375). Eurogroup chair Jean-Claude Juncker said the eurozone finance ministers had unanimously agreed to help Portugal. EU Economic and Monetary Affairs Commissioner Olli Rehn welcomed the fact that Portugal's main political parties...

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