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EU-IMF auditors approve Portugal bailout measures

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(Globalpost/GlobalPost)

A wave of austerity measures proposed by the Portuguese government have won the approval of the country's EU-IMF creditors, Deputy Prime Minister Paulo Portas said on Thursday, though a request to ease deficit goals was refused.

Lisbon had lodged a request to raise its 2014 deficit target to 4.5 percent of national output but "the troika did not come back on its position and will only accept 4 percent" as previously agreed, Portas said.

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http://www.globalpost.com/dispatch/news/afp/131003/eu-imf-auditors-approve-portugal-bailout-measures