Tens of thousands protest against the Portuguese “social terrorism”

Posted on September 16, 2012


Today, 23:53
Tens of thousands of people in Lisbon and other cities of Portugal staged a demonstration against the government’s economic policy to reduce the national debt, according to Agence France Presse.

People came to the square with posters “Stop social terrorism”, ” The State will soon die! ” and “Let the” Troika “is heading to the devil”.

The law enforcement agencies controlled the demonstrations. On demonstrators in Lisbon flying police helicopter.

The protests were supported by many artists Portugal.

In early September, Prime Minister Pedro Coelho Pacos announced new measures to reduce the national debt, which may be introduced next year.

In particular, the prime minister said, contributions to the social insurance fund will be partially transferred to private and public companies on the shoulders of ordinary citizens. After that, the “troika” of creditors Portugal – representatives of the European Commission (EC), European Central Bank (ECB) and the IMF gave a positive conclusion country’s success in the performance of its economic program and approved thereby allocating to it the next tranche of 4.3 billion euros . “Troika” believes that funds can be made available in October.

In exchange for the loans, the Portuguese government agreed to a stringent measures to reduce budget spending, which has resulted in higher taxes and reduced salaries of civil servants.

At the same time, such measures without delay affected the economy of Portugal as a whole, which declined in the second quarter of this year by 3.3%, and is expected to decline by 3% for the year as a whole. According to Coelho, next year, the unemployment rate in the country is estimated to reach 16%.
Source: RIA Novosti

Posted in: Uncategorized