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Portugal appeals to solve sovereign debt

03-01-2011 12:30 BJT

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Portugal is appealing for urgent and effective support to defend it against renewed market attacks. The country has fought for months to stave off an international bailout, after Greece and Ireland succumbed.

Portuguese Prime Minister Jose Socrates says the sovereign crisis is the biggest challenge to the European Union, and the bloc's prestige depends on defeating it.

Jose Socrates, Portuguese Prime Minister said "The sovereign debt crisis is the biggest challenge the European project faces. It's the biggest challenge since the project was launched. Europe will not remain the same after this crisis, it will either advance or regress. It is a crisis of the Euro and we must respond to it on a European scale, because the problem is systemic."

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Editor:Xiong Qu |Source: CNTV.CN

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