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Mkzr Xaalad ka taagan Khudbadda Baarlamaanka ee Madaxweyne Farmaajo   038; Kalsooni siinta Ra   iisal wasaare Rooble
Thursday 05 May 2011 8:33 pm|Updated:Friday 31 May 2019 5:46 pmLisbon to get more lenient bailout rateBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailPORTUGAL looked likely to get more generous terms on its euro;78bn  pound;69.2bn  bailout than either Ireland or Greece yesterday, as the IMF and EU unveiled a package that they warned would involve sacrifice from the Portuguese people.However, the accompanying fiscal squeeze, owala ca  which aims to reduce Lisbonrsquo  deficit from 9.1 per cent of GDP last year to three per cent by 2013, will throw Portugal into a two-year recession, the government admitted. The EU and IMF said in a joint statement that the plan was a trade-off between targeting growth measures to revive Portugalrsquo  uncompetitive economy, and the budget cuts necessary to enable Lisbon to restore market confidence. The IMF said that the interest rate on Lisbonrsquo  loan will be between 3.25 and 4.25 per cent. This compares to an interest rate of 5.8 per cent for Ireland and a nike air force n original rate of 5.2 per cent for Greece, although Athensrsquo; was lowered to 4.2 per cent recently.The IMF will supply a third of the cash, adidas campus 00s  while the EU will supply the rest, with euro;12bn earmarked for the countryrsquo  banks.Jurgen Kruger, who negotiated the rescue for the EU, said: I will be honest, this is not an easy program, it is a tough programme, necessary Yxxz Costco plans $3bn special payout ahead of fiscal cliff tax increases
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