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Portugal progress passes audit

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Portugal progress passes audit

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An audit on Portugal’s progress under the terms of its rescue package has cleared the way for a further payment.

Finance minister Vitor Gaspar confirmed the second quarterly review of the financial assistance programme has been rubber stamped by the Troika – members of the EU Commission, the ECB and the IMF.

Under the terms of the agreement Portugal will receive a further eight billion euros of the 78 billion bail out.