EU, IMF say Portugal bailout deal close

[Viva_La_Revolution]

Source: Reuters

Portugal is close to reaching an agreement with the European Union and IMF on a bailout for the debt-laden country and there are no disagreements between the donors, the European Commission and the IMF said on Tuesday.

Portugal's caretaker Prime Minister Jose Socrates was set to make a statement at 1930 GMT, his office said.

Officials from the European Commission, the International Monetary Fund and European Central Bank have been in Lisbon for almost a month to hammer out an agreement with Portugal on a bailout expected to reach about 80 billion euros ($120 billion).

Read more: http://www.reuters.com/article/2011/05/03/us-portugal-bailout-idUSTRE7425UP20110503

[Hardrada]

1. The IMF will make off with everything that isn't nailed down.