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Debt stands at 99% of GDP

The Portuguese State has so far received €20 billion from the bailout fund negotiated with the European Union, International Monetary Fund and European Central Bank.

The amount received from the ‘troika’ represents one quarter of the €78 billion assigned to Portugal to avoid its bankruptcy.

Portugal’s direct state debt currently stands at €172.4 billion, around 99.8% of its GDP in 2010.

Under the agreement that the EU leaders reached last week in Brussels, the Greek economy will receive an additional €109 billion cash injection.