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Portugal

This category contains 89 posts

Portugal government survives to continue austerity course, President decides

Portugal’s President Anibal Cavaco Silva on Sunday ruled out a snap election and said he wanted the right wing coalition government to stay in place to end a weeks-old political crisis and to ensure the destructive austerity measures and debt payments under the EU/IMF bailout stayed unchanged. The President had hoped for a ‘broader political … Continue reading

Troika destroys 500,000 jobs in Portugal

The austerity measures demanded by the Troika have destroyed half a million jobs in Portugal. This year, Portugal will have fewer people employed than in 1960. And in 2014 the situation is expected to worsen further. According to Diário de Notícias newspaper, reporting on figures published in the Summer 2013 Economic Bulletin of the Bank of Portugal, ‘already this … Continue reading

Six reasons why Portugal held a general strike this week

Portugal’s two main confederations held a general strike Thursday – the fourth general national stoppage in two years. Why? Since 2011, when the government of Portugal signed up to the Troika bail out loan conditions of austerity and neoliberal ‘reforms’, this is what has happened: Real wages have fallen by 9.2% Household spending has fallen … Continue reading

Is the Eurozone establishment changing?

By Vincent Navarro There is a growing awareness among some international institutions such as the International Monetary Fund (IMF) that policies of austerity and public spending cuts they have been promoting and imposing have failed to achieve their objectives. A recent IMF report even acknowledges that, in the case of Greece, these policies have been more damaging … Continue reading

Are we Portuguese living beyond our means?

By Jose Manuel Pureza If there wasn’t the Troika there wouldn’t be money to pay salaries or pensions – this assertion is repeated ad nauseam by the heralds of foreign intervention in Portugal. And this is immediately followed by the argument that this is because we have long been living beyond our means, squandering money … Continue reading

Eurocrisis: why northern Europe should be celebrating

According to legend, the bailouts of countries of Europe’s south have been costly for Germany and other northern countries such as Finland, Austria and Holland. Hence their obsession with policies of ‘rigor’ and deficit reduction. The truth is that they have earned tens of billions of euro from the south. Maurizio Ricci shows how. Someone – possibly Angela Merkel … Continue reading

Portugal’s Socialist Party, between illusion and cowardice

Portugal’s Socialist Party is now 40 years old. But what happened to the ‘socialism’? asks Joao Mineiro The socialist party, founded in April 1973, has transformed itself its a strange thing called “democratic socialism”, a kind of third way, in which the project of the socialization of the economy, building the popular movement and the ambition … Continue reading

Are Germans Really Poorer Than Spaniards, Italians And Greeks?

What’s behind the headlines about poor Germans subidizing rich southern Europeans? A con-trick seeking to mask large wealth inequalities within Germany. And to shield the rich and corporations in Europe’s super power from parting from some of their euro-zillions. Social Europe Journal

Austerity undermines welfare and health of the Portuguese – public health expert

The troika’s demands are ‘undermining the well-being of the Portuguese in general as well as their health,’ said a top public health expert. Sakellarides Constantine, head of Observatório Português dos Sistemas de Saúde (OPSS), also slammed European policymakers for abandoning their responsibilities to the people of Europe. Constantine’s remarks were made in comments to the … Continue reading

Portugal: state agency criticizes “blind cuts”

The Council of Public Finances (CPF), a state body that assesses budgetary policies today deplored the “blind cuts” to public spending accusing the government of slashing state budgets “without any great discernment.” The scathing criticism comes as auditors for the European Commission, the European Central Bank and IMF, known as the troika arrives in Lisbon … Continue reading

Portugal’s unions hail court rejection of pension, wage cuts

Portuguese unions welcomed the decision by the country’s Constitutional Court to strike down four out of nine austerity measures in this year’s budget. The court on Friday rejected cuts in pensioners’ and public servants’ holiday bonuses, as well as reductions to sickness leave and unemployment benefits, which formed part of a swinging austerity plan designed … Continue reading

Everything you wanted to know…about Austerity in the EU

Poverty, unemployment, wages, the economy, public services, tax dodging, wealth and gender inequality – check out the latest facts and figures in the Europe of the bankers and austerity. http://wp.me/P1bMfw-oA

Filthy rich Europeans – richer than ever

This year’s Forbes’ billionaires list shows a super rich elite getting richer as most European citizens get poorer A tiny elite are getting richer, the rest of us are getting poorer. This is a familiar story in a world where greed and extreme wealth are central to the dominant capitalist system, and its periodic crises, … Continue reading

How Austerity is Hurting Women in Europe – In Numbers

Women are disproportionally affected by austerity cuts because they are society’s main carers, and the main users of public services and welfare recipients, where there have been heavy reductions in budgets; they predominate in low paid, insecure employment, which is expanding, facilitated by labour counter-reforms; because they are heavily employed in the public sector where … Continue reading

Portugal’s Left must respond to a rising tide of rebellion

Portugal’s Left must seize the moment offered by an escalating social struggle and unite around a radical platform of change, argues Left Bloc’s Jorge Costa Saturday’s massive demonstrations across Portugal have changed the immediate future of social struggle in our country. Those who want to avenge the Carnation Revolution of April 25 1974 now know, after the … Continue reading

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