Portugal Bailout to Cover 3-Year Period, Official Says

LISBON, Portugal -- Portugal's caretaker prime minister says his ailing country has negotiated an international bailout that will cover a three-year period, though he didn't disclose the amount.

Prime Minister Jose Socrates, whose government quit last month but is running the country ahead of a June 5 election, says Portugal "got a good deal" after more than two weeks of negotiations with the International Monetary Fund, the European Central Bank and the European Commission.

He provided few details of the agreement Tuesday but said Portugal's debt-reducing austerity measures for this year will remain unchanged.

Portugal is the third member of the 17-nation eurozone, after Greece and Ireland, needing a bailout due to crippling debts.

More details of the agreement are expected in coming days.