Village pays parents 'baby bonus'

Financial crisis plus lowest birthrate in European Union have led to exodus of young people

Rather than turn into a ghost town, one Portuguese village facing an exodus of young adults and dwindling birthrates came up with an answer: pay parents 5,000 euros ($5,630) for every new baby.

Alcoutim, in the southeast of Portugal near the border with Spain, has lost a third of its population over the last 20 years.