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Barry Hatton

In this picture shot April 22 2014, people protest rent hikes and evictions in social housing neighborhoods in Lisbon. Budget cuts have forced the closure of local health centers and reduced subsidies for prescription drugs. High schools have seen staff levels fall and the purchase of new equipment postponed. New laws have made it easier and cheaper to hire and fire workers. And the scrapping of rent controls has left many in danger of losing their homes. (AP Photo/Francisco Seco)
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40 years after revolution, Portugal is angry

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A man sells lottery tickets at Lisbon's Ribeira food market, Wednesday, April 23, 2014. Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction. The government debt agency said it raised 750 million euros ($1 billion) in Wednesday's sale at an affordable rate of 3.575 percent. That is down from 5.1 percent in February and the lowest in eight years. (AP Photo/Francisco Seco)
Business

Yields fall sharply in Portuguese debt auction

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In this photo taken Jan. 30 2014, a protestor leans on a flag during a demonstration by retired teachers in Lisbon against cuts to their pensions. The Portuguese standard of living is going backwards, GDP per capita in 2010 was 80.4 percent of the EU average, In 2013 it was down to 76 percent. The Portuguese are less than three months away from their big day _ May 17 _ when they expect to get their financial sovereignty back after three years of being told what to do by foreign bailout creditors. In return for the 78 billion-euro ($107 billion) rescue that has since 2011 prevented national bankruptcy, Portugal consented to an economic crash diet: deep cuts in pay and pensions and welfare rights, steep tax increases, and an end to long-standing labor entitlements. (AP Photo/Armando Franca)
Business

Portugal counts days to end of bailout program

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FILE - In this Thursday, Dec. 19, 2013 file photo, auction house workers adjust Joan Miro's 1968 oil painting
News

Legal concerns foil Portugal’s art sale ambitions

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Bailed-out Portugal plans another $6.3B in cuts
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Bailed-out Portugal plans another $6.3B in cuts

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In this photo taken on Feb. 21, 2013, a needy elderly woman receives her daily meal in the dining hall of the Portuguese charity AMI - International Medical Assistance. center in Lisbon. The Portuguese charity AMI _ International Medical Assistance _ was set up almost three decades ago as a rapid response organization for catastrophes abroad. Now the emergency is at home. Before 2008, up to 8,000 people a year sought AMI's help in Portugal. In 2012, it was almost 16,000. In some places such as Porto, Portugal's second-largest city, the increase in people approaching the charity has been more than 250 percent since 2008. And some of the needy are university graduates. (AP Photo/Francisco Seco)

Pain bites into Portuguese life as crisis deepens

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Judge Carlos Cadilha, center right, reads a statement Friday, April 5, 2013, at the Constitutional Court in Lisbon. Portugal's Constitutional Court has ruled that some of the unpopular pay cuts in this year's state budget are unlawful, denying the government about 1.4 billion euros, US dlrs 1.8 billion, of predicted revenue. The court's decision Friday delivers a setback to the austerity strategy agreed between the government and foreign creditors who lent Portugal 78 billion euros, US dlrs 101.5 billion, in a bailout two years ago. (AP Photo/Armando Franca)

Portugal’s prime minister says deeper cuts coming

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Pressure mounts on Portuguese government
Business

Pressure mounts on Portuguese government

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Bailout lenders grant Portugal easier debt targets
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Bailout lenders grant Portugal easier debt targets

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Portugal introduces tax hikes despite outcry
Business

Portugal introduces tax hikes despite outcry

Barry Hatton -
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