» Deutsche Welle » Germany » Deutschland » DW-TV » Information » Made in Germany » Economics » Portogal » debt » business » euro » Lisbon » billions
Portugal is deep in debt and will receive 78 billion euros in credit from the European Union. In return, the government in Lisbon has agreed to increase taxes and cut spending.<br />That will probably cause the country's economic production to fall this year, and maybe next year too. But foreign investors are already regaining interest in the country.<br />A report by Julia Henrichmann.
Portugal is deep in debt and will receive 78 billion euros in credit from the European Union. In return, the government in Lisbon has agreed to increase taxes and cut spending.<br />That will probably cause the country's economic production to fall this year, and maybe next year too. But foreign investors are already regaining interest in the country.<br />A report by Julia Henrichmann.
