[QODLink]
Europe

Portugal PM issues bailout warning

Pedro Passos Coelho says his country faces deep public spending cuts after court rejects budget measures.

Last Modified: 07 Apr 2013 20:59
Email Article
Print Article
Share article
Send Feedback

Portugal's Prime Minister has addressed the nation after a crisis was triggered over his government's proposed austerity cuts.

Pedro Passos Coelho said that he respected but disagreed with a decision by Portugal's highest court to reject its proposed austerity measure.

Passos Coelho said it would have consequences for the entire country and threatened the nation's position in the eurozone.

The constitutional court's decision deprives the government of about $1.7bn of expected revenue.

Nadim Baba reports.

75

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Featured on Al Jazeera
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
Featured
Booming global trade in 50-million-year-old amber stones is lucrative, controversial, and extremely dangerous.
Legendary Native-American High Bird was trained in ancient warrior traditions, which he employed in World War II.
Hounded opposition figure says he's hoping for the best at sodomy appeal but prepared to return to prison.
Fears of rising Islamophobia and racial profiling after two soldiers killed in separate incidents.
Group's culture of summary justice is back in Northern Ireland's spotlight after new sexual assault accusations.