Portugal announces ‘enormous’ tax rises

Portugal announced on the 3 October 2012 sweeping new tax increases in an effort to keep the country’s faltering bailout programme on track amid a powerful public backlash against increased belt-tightening.

ESO: Background information: Portugal in crisis after 1 million say No to austerity http://www.europeansources.info/record/portugal-in-crisis-after-1-million-say-no-to-austerity/

ESO: Background information: EU dog that didn’t bark begins to bite http://www.europeansources.info/record/eu-dog-that-didnt-bark-begins-to-bite/

El País, 3.10.12: Portugal will hike personal income tax to meet deficit target http://elpais.com/elpais/2012/10/03/inenglish/1349286841_650559.html

BBC News, 15.10.12: Portugal reveals tough 2013 budget http://www.bbc.co.uk/news/business-19953167

ESO: Background information: Anti-austerity strikes sweep southern Europe http://www.europeansources.info/record/anti-austerity-strikes-sweep-southern-europe/

Blog: Social Europe Journal, 23.11.12: The Challenges of Youth Unemployment in Portugal Against Recession and Austerity Policies http://www.social-europe.eu/2012/11/the-challenges-of-youth-unemployment-in-portugal-against-recession-and-austerity-policies/

---