Portugal’s Prime Minister Jose Socrates resigned Wednesday after the parliament shot down his new austerity plan, increasing the chance Lisbon will seek a bailout. The move came as EU ministers in Brussels prepare to tackle the eurozone debt crisis.
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Portugal’s Prime Minister Jose Socrates resigned Wednesday after the parliament shot down his new austerity plan, increasing the chance Lisbon will seek a bailout. The move came as EU ministers in Brussels prepare to tackle the eurozone debt crisis.