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Why is Britain facing £4.4bn bail-out for Portugal?
Date 08/04/2011 18:04  Author webmaster  Hits 1305  Language Global
08 APR 2011

By Macer Hall | Daily Express

A FURIOUS revolt was growing last night over the prospect of British taxpayers pouring up to £4.4billion into a bail-out of debt-stricken Portugal.

Treasury officials yesterday confirmed that the UK could be liable for the massive sum – equivalent to £178 for every household – under a Brussels deal agreed by the previous Labour government.

It came after Portugal became the third euro zone country after Greece and Ireland to plead for European Union cash to prop up its failing economy.

Critics were increasingly angry that, after making drastic spending cuts at home, the coalition Government could be handing billions to a debt-hit country that has failed to introduce austerity measures.

Daily Express readers led the way in demanding a referendum on our membership of the EU, with an astonishing 370,000 readers backing our campaign to leave Europe.

Last night, Prime Minister David Cameron was facing an angry backlash among senior Tories who do not want any more British cash plunged into supporting the euro.

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