A Future That Works

A Future That Works
NO2aTory/Liberal coalition - Vote with your feet for an alternative to a neo-liberal economy and neo-conservative state Yes2aLeftFront and a Red/Green Left Alliance

Saturday, 2 July 2011

More cuts and privatisation of state assets for Portugal

Prime Minister Passo Coelho of the centre-right liberal/conservative Social Democratic Party (PSD) has announced a new wave of income tax rises and sell-offs of state-owned companies to satisfy international finance capital which will include the education system and courts. There has already been a package of welfare cuts and tax rises to secure a €78 billion (£70bn) loan reducing the budget deficit from 10.1 per cent of GDP in 2009 to 9.1 per cent in 2010.

1 comment:

  1. Thursday, 14th July 2011 Italian Senate approved a crucial €70 billion, passed by 161 votes to 135 in the Senate on Thursday.

    Earlier this week, the International Monetary Fund asked Italy to ensure "decisive implementation" of spending cuts.


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