• PORTUGAL PRESIDENT APPROVES RESHUFFLED GOVT

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    LISBON: Portuguese President Anibal Cavaco Silva approved a reshuffled ruling coalition on Wednesday (Thursday in Manila), ending a 10-day crisis over hated austerity policies that nearly toppled the government. At the heart of the crisis is a dispute over the painful spending cuts and tax increases enacted as a condition of Portugal’s 78-billion-euro ($100-billion) international bailout, extended in May 2011.

    AFP

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