MADRID — Portugal avoided a possible collapse of its government after the country’s two leading parties ended on Saturday a monthlong standoff over next year’s budget.
The deal is also likely to be welcomed by investors, who had pushed Portugal’s cost of borrowing to record highs in late September over concerns about the budgetary impasse and the government’s inability to cut its core deficit this year.
Portugal is among a handful of nations using the euro that have struggled to shake off investors’ concerns about their finances, especially after Greece’s near collapse earlier this year, which required an emergency bailout.
To read the full, original article click on this link: Portugal Ends Extended Budget Impasse - NYTimes.com
Author: RAPHAEL MINDER
