Portugal Finance Minister Vitor Gaspar Portugal finance minister announces an income tax hike for the 2013 budget as the unemployment rate is expected to hit 16.4% the same year. On Wednesday, the Portuguese Finance Minister Vitor Gaspar had announced that the average tax hike would rise from 9.8 percent to 13.2 percent in 2013, adding that the unemployment rate is also expected to rise from 16 percent... 

Portuguese protesters hold banners with anti-government policy messages during a protest against austerity measures, on the day of the general strike, in Lisbon on November 24, 2011. Portugal’s main trade union, the General Confederation of Portuguese Workers (CGTP), has fiercely condemned as a “declaration of war against workers” a new set of austerity measures introduced by the government... 

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... 

Logo of the Portuguese bank BPI The Portuguese bank BPI has reportedly asked for 1.3 billion euros in public aid to comply with the principles laid out by the European Banking Authority, as the financial crisis in the eurozone seems to be deepening. Banco BPI, which is Portugal’s third largest listed bank, said on Monday that it would also raise 200 million euros from private investors. The news... 

The Portuguese Government is convinced that the ongoing austerity measures and economic restructuring will enable the country to return to the credit market in 2013, but recent projections refute this assertion. Foreign politicians and economists predict that Portugal, like Greece, will exit the Eurozone. What do the Portuguese think about this? According to Ernst & Young, if the interest rate... 

A man waits for a train at Santa Apolonia train station during a strike in Lisbon, Portugal, December 23, 2011. Train drivers in Portugal have begun the New Year with industrial action, as they continued their strike in protest at disciplinary measures. Most national rail services have remained cancelled on Sunday, the last day of a four-day strike. Drivers were disciplined for allegedly failing to... 

One of the worst times of the day for those diabetes sufferers who have to inject themselves with insulin may be about to come to an end – the breakthrough which leads to an oral administration of insulin sees light at the end of the tunnel as investigators from Portugal’s Coimbra University remove an important obstacle. There are two main barriers against the oral administration of insulin,... 

Thousands crowd Lisbon's main Liberdade avenue during a demonstration Saturday, Oct. 1, 2011. Thousands of protesters have demonstrated in Portugal against the adopted austerity measures and declining living standards linked to the country’s massive bailout. The country’s largest trade union confederation, the General Confederation of the Portuguese Workers (CGTP), organized the rally... 

Proud Gay Portuguese president Anibal Cavaco Silva has approved a law authorising gay marriages, making Portugal the sixth country in Europe to allow same-sex unions. Mr Silva, a practicing Roman Catholic from Portugal’s main opposition centre-right party, says he has put his “personal convictions” aside in deciding to approve the legislation. The law, adopted in February by the centre-left... 

Portuguese Finance Minister Fernando Teixeira speaks during a parliamentary debate on the govenment’s controversial stability and growth program. As Greece barreled closer to the edge of a debt default this week, fears that the crisis would infect other countries rattled the world’s financial markets. “It’s not a question of the danger of contagion,” Angel Gurria, the... 

Germany’s Federal Constitutional Court has warned that the extraordinary powers contained in the European Union’s Lisbon Treaty overrides all national laws in Europe. The German court will shortly call for an ‘emergency brake’ provision to be included into the German constitution to prevent an EU dictatorship. The development is all the more shocking because till now, Germany has been one of...