Portuguese Bailout Could Soar As High As $129 Billion

Portugal Praying

Portugal’s bailout could cost as much as $129 billion, according to the Wall Street Journal. The early number on a bailout was for around $107 billion, though that appears to have been extended higher.

And while Portugal only requested EU assistance yesterday, it appears ministers have already worked out many of the detail on the package in advance.

This weekend, European Union finance ministers will be conducting regular meetings in Hungary, where a deal on Portugal is likely to be hashed out.

Don’t miss: The latest on the debt situation in Europe >

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