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Lenders consider seven year extension for Portugal loan...

2013-04-10 7 Dailymotion

International lenders have recommended that Portugal should get an extra seven years to repay loans to the European Union.

The move would offer a significant boost to Lisbon as it tries to push through a series of difficult spending cuts.

The extension is also being considered for Ireland which got an emergency loan in 2010 a year before Portugal.

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