Detailed text transcripts for TV channel - CNN - 20110407:08:30:00
Portugal follows the likes of greece and ireland in seeking financial help from the eu and the imf. the country's been struggling with a high debt to gdp ratio and also waning confidence in the financial markets. it's precisely that lack of confidence that has only worsened since the parliament refused to pass austerity measures last month. the country is also forced to pay a heavy price when it raised $1.4 billion at its latest bond auction on wednesday with yields of almost around 5% and 6%. for shorter and longer term debt. we take a closer look at portugal's debt downfall and the economic ...
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