Sunday, September 23, 2012

Portugal contemplates reducing austerity measures

Portugal to launch new talks on disputed austerity Sunday, 23 September 2012 13:28
Portugal's embattled government will hold talks soon with trade unions and industry bosses on alternatives to tough austerity measures after a storm of criticism of planned spending cuts. The moves were decided following an eight-hour meeting of the advisory Council of State convened late Friday by President Anibal Cavaco Silva. It followed a statement by Prime Minister Pedro Passos Coelho that he is open to dialogue after his proposals met with fierce opposition.
Portugal Backs Down on Social Security Tax Rise
The centre-right government in Portugal has agreed to look for alternatives to a social security tax rise a week after huge anti-austerity street protests.

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