Categories: Europe NewsFront Page

Portugal protests against government austerity measures

Hundreds of thousands of people have taken part in protests across Portugal against government austerity measures.

Huge crowds gathered in the capital Lisbon to demand the government resign.

Many carried placards condemning the “Troika” of the IMF, the European Commission and the European Central Bank, which demanded budget cuts in return for a financial bailout.

The conservative government has introduced steep tax rises as it tries to reduce a huge budget deficit.

Unemployment is at a record 17.6% and the economy is expected to contract by 2% this year – the third straight year of recession.

The demonstrations organized on social media also have the backing of Portugal’s main trade union federation.

On Saturday, organizers said as many as 500,000 protested in Lisbon, and hundreds of thousands more in other towns and cities.

The rallies coincide with a visit by inspectors from the EU and the IMF, which demanded austerity measures as a condition for a 78 billion-euro bailout in 2011.

Hundreds of thousands of people have taken part in protests across Portugal against government austerity measures

Protesters carried banners with slogans such as “Austerity Kills” and “Screw the Troika”.

They also chanted a popular song “Grandola” associated with the 1974 “Carnation Revolution” that brought an end to dictatorship.

“This government has left the people on bread and water, selling off state assets for peanuts to pay back debts that were contracted by corrupt politicians to benefit bankers,” film director Fabio Carvalho, who was among the protesters in Lisbon, was quoted as saying by Reuters.

“If not today, things have to change tomorrow and we need to remain in the streets for the government to fall.”

The demonstrators are demanding a complete change of course from the government, but it says further spending cuts are necessary to revive the economy.

This year’s budget was Portugal’s toughest in living memory, imposing tax rises that for many workers amount to a month’s wages.

But the gloomy economic outlook means it will almost certainly have to find more saving.

l9VvIX6ixLo
Diane A. Wade

Diane is a perfectionist. She enjoys searching the internet for the hottest events from around the world and writing an article about it. The details matter to her, so she makes sure the information is easy to read and understand. She likes traveling and history, especially ancient history. Being a very sociable person she has a blast having barbeque with family and friends.

Recent Posts

Deadly Tornadoes Hit Oklahoma Leaving Thousands Without Power and Causing Serious Damage

At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…

3 days ago

Harvey Weinstein in Hospital After Conviction Overturned

Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…

4 days ago

Hamas Releases Video of Two Hostages, Including a Kidnapped US Citizen

Hamas has published a video showing the first proof of life of US and Israeli…

4 days ago

Trump Trial: Prosecutors and Attorneys Deliver Opening Statements

Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…

1 week ago

House Passes $95 Billion Package to Provide Aid to Ukraine, Israel, and Taiwan

The House of Representatives has finally approved $61 billion in new US military aid for…

2 weeks ago

The Current Real Estate Landscape in the United States

The real estate market in the United States has always been a gauge for economic…

2 weeks ago