LONDON/LISBON (Reuters) - Portugal's slide towards becoming the next Greece - needing a second bailout to avoid bankruptcy - accelerated on Monday as untrusting underwriters hiked the cost of insuring Lisbon's bonds to new highs and insisted it be paid up front.
Business and consumer confidence also hit record lows, the latter battered by the lower salaries and across-the-board tax hikes that were part of Portugal's painful austerity program.
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