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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
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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.

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Source:
Al Jazeera
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