Portuguese reject govt call to work on Carnaval

Portuguese reject govt call to work on Carnaval

LISBON, Portugal (AP) — Portuguese workers issued a spontaneous “Ja chega!” — “That’s enough!” — to the government Tuesday, rejecting its appeal to stay at their jobs during Carnaval, one of their most beloved holidays.

Elaborate costumes, scary masks

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Greek bailout wards off disaster _ for now

Greek bailout wards off disaster _ for now

BRUSSELS (AP) — A second, €130 billion ($172 billion) bailout and a deep debt write-off for financially stricken Greece will ward off a financial disaster in Europe.

Economists, however, only give the deal a slim chance of putting the country

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EU probing trade, debt imbalances among members

FRANKFURT, Germany (AP) — The European Union said Tuesday it is looking more deeply into the economies of 12 of its 27 member states to check whether they have excessive debt, trade deficits or business costs.

Economists say such imbalances

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Eurozone has one foot in recession

Eurozone has one foot in recession

LONDON (AP) — The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final three months of 2011 from the previous quarter, a clear sign that Europe’s debt crisis has

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Portugal records double-dip recession in 2011

Portugal records double-dip recession in 2011

LISBON, Portugal (AP)Portugal’s economy contracted by 1.5 percent last year, pitching it into a double-dip recession amid an acute financial crisis, the country’s statistics agency reports.

Portugal needed a €78 billion ($103 billion) bailout last year to avoid

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