LISBON — Portugal's government is pushing ahead with deeply unpopular austerity policies, announcing plans Thursday to save 800 million euros ($1 billion) this year — about 0.5 percent of annual GDP — by slashing spending on public sector staff, goods and services. The center-right government said the new money-saving measures are needed to meet
Portugal Announces More Austerity, Even As Economy Shrinks
In this photo taken on March 2, 2013, Portuguese retired woman Maria Luisa Cabral, center, shouts slogans during a protest against austerity measures taking by the Portuguese government, in Lisbon. . Taxes and cuts in previous years had already cut pensioners income by 20 percent as the government looked to cut the national debt. (AP […]