Cash-strapped Portugal raises loan

17th August 2011, Comments 0 comments

LISBON, Portugal - Portugal has raised 1.16 billion in a short-term debt auction amid continuing market jitters over the eurozone's sovereign debt crisis.Portugal needed a 78 billion bailout earlier this year to help pay its heavy debts as it struggles to break out of an economic recession.The government debt agency said Wednesday it sold 985 ... more

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