'A Grave Moment for Our Country' Portugal Forced to Request EU Bailout

Portuguese Prime Minister Jose Socrates has been insisting for months that he would not ask the EU for help. But on Wednesday he announced he was doing just that, after bond yields reached an unsustainable level. The bailout could amount to as much as 80 billion euros.
A protest against high unemployment in Lisbon on April 1. Portugal has become the third euro-zone country to ask for an EU bailout.

A protest against high unemployment in Lisbon on April 1. Portugal has become the third euro-zone country to ask for an EU bailout.

Foto: HUGO CORREIA/ REUTERS
dgs - with wire reports