European Commission's President Jose Manuel Durao Barroso, right, shakes hands with Portuguese Prime Minister Jose Socrates Monday, Feb. 14 2011, as they meet at Lisbon's Sao Bento palace, the ... more 
European Commission's President Jose Manuel Durao Barroso, right, shakes hands with Portuguese Prime Minister Jose Socrates Monday, Feb. 14 2011, as they meet at Lisbon's Sao Bento palace, the premier's official residence. Portugal's statistics agency said in a preliminary report Monday that gross domestic product contracted 0.3 percent from the third to the fourth quarter, though exports remained strong. The country's economy grew 1.4 percent last year despite government spending cuts designed to ease the country's huge debt burden. less 
1 / 29
Associated Press | Photo By Armando Franca
Thu, Feb 17, 2011 2:06 AM EST