With Portugal Plea, Europe Hopes Crisis Contained

A senior Portuguese official says the government is poised to send its formal request for a bailout to European authorities.

Cabinet Minister Pedro Silva Pereira told reporters the written request would be sent to Brussels later Thursday.

He said a delegation from the European Commission and the European Central Bank is expected "very soon" in Lisbon to begin negotiating the terms of a financial rescue package.

Source: http://www.npr.org/2011/04/07/135206413/with-portugal-plea-europe-hopes-crisis-contained?ft=1&f=1004

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