Tags: effort

Lisbon unveils tough budget in effort to avert new bailout ©AFP. Portuguese prime minister Pedro Passos Coelho. Lisbon has unveiled a tough austerity budget for 2014 that is seen as a crucial step in government efforts to avert the need for a second bailout when Portugal's €78bn rescue programme ends in June. Full News here…

Political dangers stalk Portugal bailout effort LISBON, Sept 17 (Reuters) – A new bolt of austerity has shattered Portugal's confidence it can avoid the political instability and social unrest that are blighting fellow bailout recipient Greece. A government plan to raise social security … Full News here – Read more on Reuters