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Move marks turnaround after Lisbon resisted asking for aid for months despite sharply deteriorating financial situation.
Budget plan includes cuts in public sector wages and pensions in effort to curb large deficit.
Finance minister urges MPs to pass austerity measures after debts reach $167bn.
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
 
 
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