Portugal faces more austerity as data fail to impress

Portugal’s new government faced an uphill struggle to meet state deficit targets agreed with international creditors in May 2011 after the release of worse than expected results for the first three months of 2011 in June 2011.

ESO: Background information: Portugal is warned of two ‘terrible years’ http://www.europeansources.info/record/portugal-is-warned-of-two-terrible-years/

ESO: Background information: Portugal’s painful road to recovery http://www.europeansources.info/record/portugals-painful-road-to-recovery/

Portugal: Statistics Portugal http://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_main

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