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Portugal Makes About Turn On Social Security Tax ~ Tax News
Amid escalating protests across the country, and marking a dramatic volte-face, the centre-right Portuguese government of Prime Minister Pedro Passos Coelho has been forced to abandon its controversial...
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Spanish deposit flight continues in August ~ Reuters
Consumers and firms continued to pull their money out of Spanish banks in August but at a slower speed than in July, with private sector deposits falling slightly more than 1 percent as Spain was...
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Portugese prosecutor says file-sharing is not illegal ~ IPTegrity
In Portugal, an attempt by rights-holders to catalyse government action against peer-to-peer file-sharers and Internet downloading, appears to have back-fired. They tried to get the authorities to take...
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Have Voting Machines Already Made their Choice for President? ~ Thom Hartmann
Filed under: 2012 US Election, Corporations, European Union, Financial Crisis, Germany, Greece, Ireland, Portugal, USA
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Eurozone unemployment hits new high ~ Guardian
Unemployment in the eurozone has risen to a new record, with more than one in four out of work in Spain and Greece. There are now 18.49 million people without jobs in the 17 countries sharing the euro,...
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Portugal to introduce higher taxes to meet EU bailout terms ~ Guardian
Portugal‘s parliament is expected to approve the biggest tax hikes in its modern democratic history on Wednesday, paving the way for a court fight over a budget that the government says it urgently...
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Portugal warns EU-IMF troika to back off on austerity demands ~ Telegraph
by Ambrose Evans-Pritchard President Anibal Cavaco Silva called for urgent action to halt the “recessionary spiral”, warning Europe’s leaders that the current course had become “socially...
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German economy, Europe’s last hope, begins to slump ~ Hindustan Times
by Nicholas Kulish & Jack Ewing German economy, Europe’s last hope, begins to slump. Despite a drumbeat of optimistic forecasts from economists and upbeat statements from various European leaders,...
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‘Screw the Troika’: Tens of thousands protest austerity measures across...
Hundreds of thousands of people flooded the streets of Portuguese cities protesting austerity measures that the government hopes will help to avoid the bailout and lift the country out of recession....
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Portuguese govt. must step down, protestors say ~ Press TV
Thousands of Portuguese civil servants have poured onto the streets of Lisbon, demanding the resignation of the government over its unpopular austerity measures. Friday’s demonstration was called by...
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Portugal court strikes down portion of austerity measures ~ CNN
The court struck down plans to cut the pay and pensions of public employees, and also rejected a tax on unemployment subsidies saying those measures were unconstitutional. Overall, the Constitutional...
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Portugal’s elder statesman calls for ‘Argentine-style’ default ~ Telegraph
by Ambrose Evans-Pritchard The Telegraph Mario Soares, who steered the country to democracy after the Salazar dictatorship, said all political forces should unite to “bring down the government” and...
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PM: Portugal must choose between austerity or ‘collapse’ ~ AFP
AFP Portuguese Prime Minister Pedro Passos Coelho said Friday that his heavily indebted nation had to adopt fresh austerity measures following a court decision in order to avoid being locked out of...
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Portugal to raise retirement age, lay off 30,000 amid effort to save $6.3B...
Associated Press ‘Portugal plans to avoid the threat of needing another bailout by making another 4.8 billion euros ($6.3 billion) in cuts over the next three years, with measures including raising the...
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Unrest may spread across Europe, warns Red Cross chief ~ Independent
by Charlotte McDonald-Gibson The Independent ‘Rocketing unemployment and poverty in some areas of Europe could lead to rising civil unrest, unless governments take measures to address the humanitarian...
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Bolivian Minister: Morales’ Plane Rerouted On Suspicion Snowden On Board ~ AP
by CARLOS VALDEZ Associated Press The plane carrying Bolivian President Evo Morales home from Russia was rerouted to Austria on Tuesday after France and Portugal refused to let it cross their airspace...
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Portuguese stocks plunge on political crisis ~ AFP
Agence France-Presse Portugal’s share prices plummeted and the country’s borrowing costs soared to danger levels Wednesday as Prime Minister Pedro Passos Coelho’s government tottered after top...
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Forcing Down the Bolivian President’s Plane Was an Act of Piracy ~ John Pilger
SEE ALSO: Evo Morales: plane rerouting over Edward Snowden ‘a provocation’ (Guardian) by John Pilger Imagine the aircraft of the President of France being forced down in Latin America on “suspicion”...
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Portuguese protesters urge government to quit over austerity bid ~ Press TV
Press TV The protesters were removed by police on Thursday from the legislature’s public gallery as the parliament speaker hinted that regulations on access to the galleries may be reconsidered. The...
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Portugal Economy Sinks, State Clings to Bailout’s Austerity Terms
SEE ALSO: Portugal to ask lenders for leniency over austerity (Financial Times) Portugal sparks new euro fears (Sunday Times) Filed under: European Union, Financial Crisis, Portugal
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