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Portugal Requests Delay of Bailout Review Due to Crisis

Lisbon. Portugal
Armando Franca | AP

Portugal's government has requested a delay in the next regular review of the country's bailout by its creditors due to the "current political situation," the finance ministry said on Thursday.

The delay is one of the first direct effects on the country's 78-billion-euro bailout caused by a political crisis which erupted last week with the resignation of the finance and foreign ministers.

(Read More: Portugal Opposition Socialists Want New Bailout Plan)

The finance ministry said in a statement the 8th and 9th reviews of the economy by officials from the European Commission, European Central Bank and IMF will now take place jointly at the end of August and early September.

(Read More: Portugal Throws New Curve Ball in Euro Debt Crisis)

The next review was originally scheduled to start on Monday, July 15.

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