Britain could be forced to contribute more than £3bn to a Portugal bailout package following the Lisbon government's failure to push through its austerity measures on Wednesday.
The Open Europe think-tank claimed on Thursday the UK's share of any rescue package would be between €810m (£702m) and €3.7bn, via the European commission's €440bn bailout fund, the Guardian reports. Prime minister José Sócrates's resignation on Wednesday night has left the country in political limbo, and piled extra pressure on European leaders who are gathering at a summit in Brussels on Thursday. The country could become the third eurozone member after Greece and Ireland to seek assistance from the EU and will probably also ask for help from the International Monetary Fund. Read...
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