Monday, 10 October 2011

Bailed-out Portugal braces for deeper spending cuts

Bailed-out Portugal braces for deeper spending cuts next year to comply with bailout terms

The government is transferring the pension funds of private banks to the state treasury to help lower this year's deficit
http://www.dailyjournal.net/view/story/78b2e6368c744939a2d5e5b10b66f6d5/EU--Portugal-Financial-Crisis/