When was the IMF/European Union bailout to Portugal conceded?
In 2012
In 2011
In 2010
In 2013
Answer
In 2011, Portugal was granted a bailout from the IMF and the European Union to help the country recover from the global financial crisis. The bailout totaled €78 billion and was intended to help the country stabilize its economy and avoid defaulting on its debt. The bailout came with a number of conditions, including requirements for Portugal to reduce its budget deficit and implement structural reforms.
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