Former poster child Portugal is coming under renewed pressure from the IMF to make deep spending cuts amid the highest overall debt levels in the EU, concerns about job creation and rising ‘bad’ non-performing loans. Barely a year after a much trumpeted exit from the Troika’s punishing three year adjustment program. But Portuguese economist Ricardo Paes … Continue reading
Portugal’s socialists have come under fire for proposals that would see pensioners pay for their plans to ‘turn the page on austerity’ if they are elected in general elections in the autumn. “There is an alternative, it’s possible to turn the page on austerity and have better economic results,” Socialist leader Antonio Costa said, Reuters … Continue reading