International lenders have recommended that Portugal should get an extra seven years to repay loans to the European Union.

The move would offer a significant boost to Lisbon as it tries to push through a series of difficult spending cuts.

The extension is also being considered for Ireland which got an emergency loan in 2010 a year before Portugal.

...
No Comment | euronews: watch the international news without commentary | http://www.euronews.net/nocomment/