Thursday, July 10, 2014





Portugal's prime minister says deeper cuts coming


April 07. 2013 2:40PM
Associated Press



Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Portugal's prime minister says his bailed-out country must make deeper cuts in public services to compensate for a court ruling that prohibited some tax increases.


Pedro Passos Coelho said in a televised address to the nation Sunday that Portuguese lives "will become more difficult," though he said he won't increase taxes.


He said a new crackdown on government spending will focus on social security, education, health services and state-run companies. That is likely to bring layoffs.


Portugal is struggling to repair its finances after it needed a 78 billion euro ($101 billion) bailout in 2011.


The Constitutional Court rejected pay cuts for government workers and pensioners, leaving the government just nine months to make up for the sudden shortfall in its estimated savings of 1.3 billion euros this year.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds