Arab Today, arab today portugal foreign minister urges austerity rethink
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Portugal foreign minister urges austerity rethink

Arab Today, arab today

Arab Today, arab today Portugal foreign minister urges austerity rethink

Lisbon - AFP

Portugal\'s foreign minister on Sunday advocated a rethink of swingeing austerity measures, a day after mass rallies were staged nationwide against the cuts and the country\'s economic woes. Paulo Portas\'s comments follow Prime Minister Pedro Passos Coelho announcement of tough new moves including an increase in worker social security contributions, combined with a cut in employer contributions, in a bid to create jobs in a country where unemployment has topped 15 percent. Portas, a key figure in Portugal\'s governing centre-right coalition, told reporters the government needs to be receptive to evaluating the austerity measures. \"The government must have an open position to evaluate the situation with social partners and the country\'s institutions,\" he said. Portugal\'s latest austerity measures led to a barrage of criticism, which culminated Saturday with massive demonstrations in Lisbon and about 30 cities across the country that organisers said attracted more than 100,000 people. Though Portas opposes the new measures, he said he did not want to break the coalition and plunge the country into political chaos. The party he heads, the Democratic and Social Centre People\'s Party, entered into coalition with Passos Coelho\'s Social Democratic Party in June 2011, after elections that ousted the socialists. Portugal, like other southern European countries including Greece, Spain and Italy, has been broadsided by a devastating financial crisis. In May last year it secured a 78-billion-euro ($102-billion) bailout from the troika of the European Union, the International Monetary Fund and the European Central Bank. In return, the creditors demanded austerity measures and a reshaping of Portugal\'s economy. Until Saturday, many Portuguese seemed somewhat resigned to the austerity measures, but the most recent moves have clearly increased social discontent. Another demonstration is set for September 29 in Lisbon.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today portugal foreign minister urges austerity rethink Arab Today, arab today portugal foreign minister urges austerity rethink

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today portugal foreign minister urges austerity rethink Arab Today, arab today portugal foreign minister urges austerity rethink

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday