PORTUGAL PATCHES UP GOVERNMENT BUT JITTERS PERSIST

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LISBON: Portugal’s Prime Minister Pedro Passos Coelho patched up his ruling coalition Friday to save it from collapse, but financial jitters revived as the nation’s president warned of grave risks ahead. Investors fear the crisis could unleash a new wave of instability in the eurozone’s debt-laden periphery, where anti-austerity sentiment is growing with no end in sight to high unemployment and recession. Late Friday, Coelho reached an agreement with his coalition partner and foreign minister Paulo Portas whose resignation Tuesday sparked the current political crisis. The premier gave no details of the deal, saying it was subject to further negotiations, causing lingering uncertainty.

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