Portuguese protest budget cuts

Up to 100,000 demonstrate in Lisbon against the government's economic plans.

    Portuguese police estimated that 100,000 poeple joined the demonstration in Lisbon [EPA]

    Deficit

     

    A spokesman for Lisbon's police said about 100,000 people from all over the country took part in the demonstration - one of the biggest protests in recent years.

     

    Some analysts say political damage from the spending cuts may be limited by the personal charisma of Jose Socrates, Portugal's prime minister.

     

    Last month, his popularity was at its highest level since he took office two years ago, according to a recent poll by the Catholic University of Lisbon.

     

    Portugal has managed to narrow its 2006 budget deficit to 4.6 per cent of gross domestic product, down from a deficit of 6 per cent the previous year.

     

    Portugal's economy is expected to grow by 1.2 per cent in 2006 and 1.8 per cent in 2007, according to the Bank of Portugal.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Meet the hardline group willing to do anything, including going against their government, to claim land for Israel.