How much was the IMF/European Union bailout to Portugal?
€68 billion
€88 billion
€98 billion
€78 billion
Answer
Portugal received a €78 billion bailout from the IMF and the European Union in 2011. The bailout was necessary to help the country recover from a financial crisis that had caused its economy to shrink and its government to default on its debt. The bailout included loans from the IMF and the EU, as well as guarantees from the EU on Portuguese bonds.
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