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Portugal reduces IMF loan by €10 billion

Portugal’s planned €10 billion payment to the IMF shows that the financial rescue of the country has been a “success story,” according to German Finance Minister, Wolfgang Schauble.

“I sent the request from Portugal to the German parliament, which has to approve it, but I am sure there will be no problem. This shows that the assistance programme for Portugal is a success story,” Schauble said on the way to today’s meeting of euro-zone finance ministers.


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