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 Portugal is rudderless and at the mercy of financial markets after the government quit in a dispute with its rivals over debt reduction proposals.
Many analysts expect the uncertainty to push Portugal into taking a bailout like Greece and Ireland.
President Anibal Cavaco Silva, a figurehead who has no government rule but can act as a facilitator, was asking parties Friday whether they would voluntarily form a coalition government or demanded new elections.
Portugal's interest rates surged to new record highs after Standard & Poor's cut its credit rating late Thursday.
[Associated
Press]
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