Public protests, some turning violent, have greeted austerity measures aimed at reducing Portugal’s deficit. A national strike has been called for November as the Portuguese government outlined its new budget involving tax rises and cuts in the number of public workers.

GOVERNMENT austerity packages are attracting huge violent public demonstrations on the streets of Portugal and Spain.

The eurozone’s economic and financial crisis has led to the politics of austerity and it is seriously hurting Portugal which is already receiving a 78 billion euro (US$100 billion) financial rescue package granted in 2011 from the Troika – the International Monetary Fund, the European Centr...

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Professor Jaime Nogueira Pinto
The current crisis has underlined the fragility of the government team which is filled by inexperienced, young career politicians who have no professional skills beyond party politics. This is combined with the arrogance of academics and technocrats used to studying abstract macroeconomics
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