With clouds gathering above a fiscally distraught Portugal, finance ministers of the 17 countries that share the euro as a currency have firmed the details of a new permanent bailout mechanism for member-states in need.
The move comes only days ahead of a self-imposed deadline for the European Union (EU) to sound a clear response to market concerns about the sovereign debt crises that have been plagueing many of the region’s economies since last year……………………………………….Full Article: Source