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European Debt Crisis

Portugal's president urges parties to unite, seek compromise

Portugal's president urged politicians on Tuesday to set aside their bickering and find compromises in the national interest after an election that threatened to bring a period of damaging instability. The incumbent center-right government, which has followed a German-led model of austerity designed to correct the eurozone's debt problems, collected most votes in Sunday's ballot. But it lost its outright majority in Parliament, where it will be outnumbered by left-of-center lawmakers who want to ease or end austerity. At stake is parliamentary approval for debt-reduction measures intended to help Portugal's economy recover from a 78 billion-euro ($87 billion) bailout in...