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Economic Rescue Package

Portugal hit by austerity strike

A strike by Portugal's largest trade union confederation forced the cancellation of most public transport services today as well as hitting schools and hospital services.

Greece secures bailout to avoid debt default

Greece won a second massive financial bailout in the early hours of today when its partners in the 17-country eurozone finally stitched together a 130 billion euro rescue, meant to avoid a potentially disastrous default and secure the euro currency's future.

Osborne backs 'firewall' to protect consumers

George Osborne will outline plans today for a wide-ranging overhaul of the structure of Britain's major banks, forcing them to separate their high street and investment operations.

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