11.   --EU-Monetary -- The Spanish peseta and Portuguese escudo are devalued in a realignment of European Union currencies following two weeks of difficult trading.

12.   Joining the currency market rally by the Italian lira were the Spanish peseta and Portuguese escudo.

13.   Just two weeks ago, the rising mark forced an emergency EU meeting to devalue the peseta and the Portuguese escudo.

14.   Meanwhile, the mark soared Tuesday to post-World War II highs against the British pound, French franc, Spanish peseta, Portuguese escudo and Swedish krona.

15.   The deal links the Portuguese escudo and the Cape Verde escudo at a fixed, one-to-one parity rate and also includes a credit facility for the former Portuguese colony.

16.   The devaluation of the Spanish peseta and Portuguese escudo further clouds plans for a Europe-wide currency.

17.   The inflation-fighting policy centers on keeping the Portuguese escudo stable since imported products account for a high proportion of consumer goods.

18.   The Spanish peseta and Portuguese escudo were devalued early Monday in a realigment of European Union currencies after two weeks of monetary turmoil had punished the Iberian monies.

19.   The Spanish peseta and Portuguese escudo were devalued early Monday in a realigment of European Union currencies that followed two weeks of difficult trading.

20.   The Spanish peseta and Portuguese escudo were devalued early Monday in a realignment of European Union currencies after two weeks of monetary turmoil had punished the Iberian monies.