Portugal halts large-scale projects

Article reports that Portugal shelved plans to build a new Lisbon airport and other large-scale infrastructure projects as part of additional austerity measures announced on the 9 May 2010 intended to help defend the country from the spreading effects of the Greek debt crisis.

ESO: Background information: Downgrade rocks Lisbon bid to curb contagion http://www.europeansources.info/record/downgrade-rocks-lisbon-bid-to-curb-contagion/

ESO: Background information: EU and IMF agree €720bn boost for rescue plan http://www.europeansources.info/record/eu-and-imf-agree-e720bn-boost-for-rescue-plan/

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