Portugal Elevates Modified Budget Shortage to 9.1% of National Income
April 24, 2011 at 14:46 PM EDT
The Guardian reports that Portugal, in bailout talks with the EU and IMF, has admitted its debt load is even greater than its initial estimates after revising up its deficit for 2010 to 9.1% of gross household product. The country’s National Statistics Institute sent the modification to the EU’s data office, Eurostat, this weekend, blaming [...]