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Bailout
: Calculated RiskReport: Portugal Bailout may be between 50 billion and 70 billion euros
By Anonymous
A bailout for Portugal may total as much as 70 billion euros ($99 billion), said two European officials with direct knowledge of the matter.It appears a bailout is inevitable and imminent. Here are the 2 year (6.7%), 5 year (8.2%) and 10 year (7.7%) yields on Portuguese government debt - all at new highs.
A financial lifeline would be between 50 billion euros and 70 billion euros ... Portugal has not yet asked for a bailout.
Watch Ireland too - the Irish ten year yield is near 10%.
Full post as published by Calculated Risk on March 24, 2011 (boomark / email).
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