Portugal promises biggest cuts in over 50 years

Author (Person)
Series Title
Series Details 1.9.11
Publication Date 01/09/2011
Content Type

Portugal announced on the 31 August 2011 new austerity measures designed to cut its budget deficit to almost zero in under five years, promising the biggest cuts in government spending for more than 50 years.

The strategy outlined how the centre-right coalition government aimed to meet ambitious deficit-reduction targets set out in Portugal’s €78bn bail-out agreement with the European Union and International Monetary Fund.

Related Links
El País, 31.8.11: Portugal takes debt bull by the horns in latest budget plan http://www.elpais.com/articulo/english/Portugal/takes/debt/bull/by/the/horns/in/latest/budget/plan/elpepueng/20110831elpeng_14/Ten
ESO: Background information: Seeking a Path out of the Crisis in Portugal http://www.europeansources.info/record/seeking-a-path-out-of-the-crisis-in-portugal/

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