Portugal poised for sharp deficit reduction

Portugal has portrayed a sharp reduction in the main component of its budget deficit in January 2011 as evidence of fiscal tightening that counters growing concern that the country would be forced to seek a financial rescue.

ESO: Background information: ECB buys Portuguese debt as yields soar http://www.europeansources.info/record/ecb-buys-portuguese-debt-as-yields-soar/

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