Portugal
Portuguese workers hit by massive austerity package
By Paul Mitchell, December 12, 2011
The recent budget, together with earlier cuts, will reportedly cut public sector take-home pay by 27 percent next year compared to 2010.
Default looms as Portugal’s bonds downgraded to “junk” status
By Paul Mitchell, July 8, 2011
The downgrading of Portuguese bonds to junk status has provoked bitter recriminations from European Union leaders, who fear for the stability of the entire continent.
Portugal and the collapse of European social democracy
By Chris Marsden, June 10, 2011
The defeat of Portugal’s Socialist Party government in the June 5 election has brought forth a plethora of articles on the rout suffered by Europe’s social democratic parties.
Socialist Party routed in Portuguese general election
By Chris Marsden, June 7, 2011
Portugal’s general election has ended in defeat for the ruling Socialist Party (SP) of Jose Sócrates and victory for the centre-right opposition Social Democrats (PSD).
Portugal’s ruling elite plans social offensive after election
By Paul Mitchell, June 4, 2011
The ruling elite in Portugal are planning a social counter-revolution following the general election on Sunday June 5.
Draconian austerity measures a condition of Portuguese bailout
By Paul Mitchell, May 6, 2011
Early indications are that a terrible assault on the living standards of the working class is being launched in a society where unemployment is already at a record high 11 percent.
Class issues in the Portuguese bailout
By Alex Lantier, April 14, 2011
The Portuguese bailout is a reactionary, anti-democratic charade aimed at blocking a political challenge by the working class to austerity policies.
Portugal’s bailout: European banking crisis deepens
By Nick Beams, April 9, 2011
The aim of the Portuguese bailout, expected to total at least €80 billion, is to prop up the European banks by imposing major cuts to the living standards and social conditions of the working class.
Portugal: Massive austerity measures to follow bailout
By Paul Mitchell, April 9, 2011
The European Union is demanding massive austerity measures in return for a multi-billion euro bailout requested by the Portuguese government on Thursday.
Portugal requests EU-IMF bailout
By Stefan Steinberg, April 8, 2011
In a new escalation of the euro crisis, Portugal became the third European country to ask the European Union and the International Monetary Fund for a loan.
Portugal edges towards bailout as borrowing rate hits record high
By Paul Mitchell, March 31, 2011
Portugal edged closer to seeking a financial bailout this week, as the cost of government borrowing hit record highs.
Portuguese Prime Minister resigns amid rising social protests
By Paul Mitchell and Alex Lantier, March 24, 2011
Portuguese Prime Minister José Sócrates resigned yesterday, amid rising strikes and protests and attempts by the ruling class to find a broader political coalition to force social cuts on the workers.
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