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Portugal passes latest austerity budget

From bbc.co.uk

Portugal is set for another tough year after its government approved a new set of budget measures. The country is struggling to come back to financial health and meet the terms of an international bailout. It has now passed another set of spending cuts, which face strong opposition from workers who will be directly affected. They also face a court challenge that, if successful, could derail Portugal's goal of exiting the bailout in 2014. Government workers in particular will be hit by the action which will give Portugal a third year of austerity. Cuts Public employees earning more than 675 euros (£565, $915) a month ... (full story)

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