Last week, Portugal asked the European Union to help it pay its debts. They did it because they owe so much money – €80-billion, or more than $109-billion Canadian dollars. (€ is the symbol for euros, the money used in many countries in Europe.)
Portugal is the third country in Europe to ask for this kind of help recently. The first country was Greece and the second was Ireland.
All three country’s leaders have suffered for their decisions about their country’s money.