Portugal’s Austerity Malaise (Council on Foreign Relations)

27.04.2013 08:22

Earlier this month, Portugal's constitutional court struck down a number of spending cuts targeting civil servants that were put forward in Prime Minister Pedro Passos Coelho's 2013 budget. The ill-fated austerity measures represented around €1.4 billion of a €5 billion package of spending cuts and tax increases required by the country's EU-IMF bailout agreement. Indeed, Portugal may be forced to alter its fiscal adjustment program amid growing political resistance to austerity. A stimulus plan announced in recent days may signal Lisbon's pivot to more pro-growth measures.

https://www.cfr.org/portugal/portugals-austerity-malaise/p30574