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Page last updated at 10:23 GMT, Thursday, 24 March 2011

Portugal 'will need bailout'

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Portugal's prime minister Jose Socrates has resigned after the country's parliament rejected his government's economic rescue programme. It means the country may have to be bailed out by Europe and the IMF. Economist and former MEP Paulo Casaca, outlines why he thinks MPs voted the package down and the BBC's Europe editor Gavin Hewitt reflects on the implications of the resignation.


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