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European Central Bank

Portugal: A look at the election of a new government

Portugal holds a general election Sunday when the country's 9.7 million eligible voters choose a government for the next four years. Here are some of the issues: ____ WH Portugal is one of the eurozone's smaller economies, representing less than 2 percent of the 19-nation bloc's gross domestic product. But when things go wrong, it can feel much bigger. Portugal's near-bankruptcy in 2011 amid the eurozone debt crisis, which also knocked the wind out of Greece and Ireland, generated fears of a domino effect that threatened its larger neighbor Spain. In the end, a 78 billion euros ($87 billion) bailout and deep cuts to pay and pensions, steep income tax increases and...