Portuguese Prime Minister Jose Socrates, with Finance Minister Fernando teixeira dos Santos, right, addresses journalists flanked by Portuguese and European Union flags, Tuesday, Jan. 11 2011, at his ... more 
Portuguese Prime Minister Jose Socrates, with Finance Minister Fernando teixeira dos Santos, right, addresses journalists flanked by Portuguese and European Union flags, Tuesday, Jan. 11 2011, at his official residence, the Sao Bento palace in Lisbon. Socrates called a news conference to announce that Portugal cut the 2010 budget deficit to below its target of 7.3 percent of gross domestic product, according to provisional data. less 
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Associated Press | Photo By Armando Franca
Tue, Jan 11, 2011 8:36 AM EST