Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.


Mr. Passos Coelho's center-right Social Democratic Party won the general election Sunday, defeating the Socialist Party of incumbent Prime Minister José Sócrates, but falling short of having a majority in Parliament.

Such a majority is key to pass harsh austerity measures set out under the aid program with the European Union and the International Monetary Fund. The next government has to present by the end of July a plan to significantly reduce corporate contributions to the social-security system; sell embattled bank Banco Português de Negócios; divest itself of state-owned assets; and reduce costs for dismissing workers, among other measures.



// oAnth

what a curse! - The next revenant [Wiedergänger] of amateurish economic reductionism and systematically imposed pauperism is announced to ravage its society.
Portugal's New Leader Vows Aggressive Reform - | 2011-06-07
Reposted bykrekkgroupbuys
Get rid of the ads (sfw)

Don't be the product, buy the product!