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Portugal debt efforts may be warning for Greece

By Landon Thomas Jr.

 |  NEW YORK TIMES  

  February 15, 2012

As debt-plagued Greece struggles to meet Europe’s strict terms for receiving its next round of bailout money, the lesson of Portugal might bear watching. Unlike Greece, Portugal is a debtor nation that has done everything that the European Union and the International Monetary Fund have asked it to, in exchange for the 78 billion euro (about $103 billion) bailout Lisbon received in May.

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