EU Weighs Financial Bailout For Portugal European Union officials have told Portugal to enact tougher austerity measures and more economic reforms if it wants a financial bailout. EU officials are meeting in Budapest on Friday, a day after Portugal formally submitted its request for a rescue. It's the third EU member state to require international help managing its finances. The EU is now discussing the size and conditions of the rescue.
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EU Weighs Financial Bailout For Portugal

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EU Weighs Financial Bailout For Portugal

EU Weighs Financial Bailout For Portugal

EU Weighs Financial Bailout For Portugal

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European Union officials have told Portugal to enact tougher austerity measures and more economic reforms if it wants a financial bailout. EU officials are meeting in Budapest on Friday, a day after Portugal formally submitted its request for a rescue. It's the third EU member state to require international help managing its finances. The EU is now discussing the size and conditions of the rescue.

RENEE MONTAGNE, host:

NPR's business news starts with Portugal's pain.

(Soundbite of music)

MONTAGNE: The European Union has warned Portugal, enact tougher austerity measures and more economic reforms if you want a financial bailout. EU officials are meeting in Budapest today. Yesterday, Portugal formally submitted its request for a rescue, making it the third EU member state to require international help managing its finances. The EU is now discussing the size and conditions of the rescue.

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