Home » Economy, Europe, Financial Crisis, Protests » Portuguese protesters hold anti-austerity rally in Lisbon

Portuguese protesters hold anti-austerity rally in Lisbon

Posted by EU Times on Jun 17th, 2012 // 1 Comment

shamseddin20120616232613187 — Portuguese workers protest in a demonstration against the government’s austerity measures, Lisbon, June 16, 2012.

People in Portugal have staged a protest rally against the government’s austerity measures imposed to help cap the country’s public debt.

Thousands took to the streets of Lisbon on Saturday following a much larger rally in the northern city of Oporto last week.

They condemned the center-right government’s financial policies, which are in place to fulfill conditions set by the European Central Bank and International Monetary Fund in return for a 78-billion-euro (USD-97-billion) loan.

The protesting workers argued that the budget cuts will cause Portugal to “go under.”

Portugal’s main CGTP union is opposed to changes in labor law reforms adopted by parliament in May, which canceled a number of public holidays and made it easier to fire workers.

Portugal expects economic activity to contract by 3.0 percent this year after dropping by 1.6 percent in 2011.

Source

Please wait...

Did you like this information? Then please consider making a donation or subscribing to our Newsletter.

« Previous

Pro-austerity party wins Greek election

Baltic UFO: New dive, new details

One Response to " Portuguese protesters hold anti-austerity rally in Lisbon "

Jack Longchamp says:

04/07/2012 at 20:05

So are they expecting their own banks to raise their credit levels again vs. NO substance or just a direct gift from Germany now ?

Please wait...

Reply

Conversation Guidelines

Starting a conversation on our website is very easy, all you need to do is to write your name, email and the comment itself. No account is required to leave a comment. Your email won't be used for any purpose whatsoever, if you want, you can even write a fictitious email. Please keep it civil, try to refrain from slurs and insults. We offer Free Speech rights to our comment section but please take note that the comment section is moderated so certain comments may be held for moderation in case they triggered our automatic filters. If your comment is on hold for moderation and you can't see it anywhere there is no need to repost it. Don't worry, it doesn't mean it won't get approved. Please patiently wait and check back later.