Economy

xchrom

(108,903 posts)

28. Portugal court rejects some government austerity measures

Sat Apr 6, 2013, 08:34 AM

Apr 2013

http://www.irishtimes.com/news/world/portugal-court-rejects-some-government-austerity-measures-1.1351536

Portugal's constitutional court has rejected four out of nine contested austerity measures in this year's budget in a ruling that deals a blow to government finances but is unlikely to derail reforms two years after the country's bailout.

The measures rejected by the court should deprive the country of at least 900 million euros ($1.17 billion) in net revenues and savings, according to preliminary estimates by economists.

The Diario Economico newspaper said the government put the impact of the court's ruling at 1.3 billion euros. It did not cite its sources. Debt-ridden Portugal agreed to a €78 billion bailout in 2011 from the European Union and International Monetary Fund.

The entire package of austerity measures introduced by the 2013 budget is worth about €5 billion and includes the largest tax hikes in living memory, which were mostly upheld.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

62 replies

= new reply since forum marked as read

Highlight:

Weekend Economists Give Two Thumbs Up for Roger April 5-7, 2013 [View all] Demeter Apr 2013 OP

We haven't had an official bank failure (in the US) for a month Demeter Apr 2013 #1

BUT WE HAVE ONE TONIGHT, FROM TANSY'S NECK OF THE DESERT... Demeter Apr 2013 #10

My back-up bank. Tansy_Gold Apr 2013 #13

Sorry about that Demeter Apr 2013 #15

Obama Budget Is Dismissed by G.O.P. and Attacked by Left A UNANIMOUS "NO"! BIPARTISANSHIP! Demeter Apr 2013 #2

Desperately Seeking �Serious� Approval PAUL KRUGMAN Demeter Apr 2013 #4

THEY'RE COMING FOR YOUR FUCKING MONEY! Hotler Apr 2013 #18

It's Official: A Democratic President Proposes to Cut Social Security; What can we do to stop this? Demeter Apr 2013 #21

Austerity Is Killing Europeans -- Literally. Why Are We So Determined to Follow In Their Footsteps? Demeter Apr 2013 #24

Why Jay-Z has 5 careers, and you don�t Demeter Apr 2013 #3

The Big Stall ROBERT B. REICH Demeter Apr 2013 #5

How Worker-Owned Companies Work Demeter Apr 2013 #6

I just got a dvd in the mail with one of Wolff's lectures. (Amazon) Fuddnik Apr 2013 #7

Wolff is terrific - and as you say, brilliant bread_and_roses Apr 2013 #54

Sequester Furloughs Start� With a Whisper Demeter Apr 2013 #11

"Green" car maker Fisker fires 75 percent of workforce Demeter Apr 2013 #14

Long-Term Unemployed Prepare For Sequester Pinch Demeter Apr 2013 #34

The Downside of Expecting America's Agriculture System to Feed the World Demeter Apr 2013 #8

Remembering Roger Ebert, In His Own Words Katey Rich Demeter Apr 2013 #9

JPMorgan Works to Avert Split of Chief and Chairman Roles Demeter Apr 2013 #12

Fiduciary Duty to Cheat? Stock Market Super-Star Jim Chanos Reveals Perverse New Mindset of Finance Demeter Apr 2013 #16

MY EYES CAN'T STAY OPEN Demeter Apr 2013 #17

$21 trillion held in offshore havens. Hotler Apr 2013 #19

only $21 trillion? DemReadingDU Apr 2013 #37

"My Songs Know What You Did in The DARK." Hotler Apr 2013 #20

45 Years After MLK Assassination, What Have We Learned? Demeter Apr 2013 #22

Conspiracy to Kill Martin Luther King Jr: Not a Theory But a Fact, According to Our Own Legal System Demeter Apr 2013 #23

How the Government Killed Martin Luther King, Jr. By Carl Gibson Demeter Apr 2013 #31

This - literally - makes me weep with dispair .... bread_and_roses Apr 2013 #60

Sharing good food, anywhere on a budget. kickysnana Apr 2013 #25

An Asian friend of my acquaintance remarked Demeter Apr 2013 #26

that was good fun to read - thanks! bread_and_roses Apr 2013 #33

Government using increasingly loaded language in welfare debate{uk} xchrom Apr 2013 #27

Portugal court rejects some government austerity measures xchrom Apr 2013 #28

6 Charts That Show How Conservative Politics Are Destroying America Demeter Apr 2013 #29

Senators Draft Higher Capital Requirement for Biggest U.S. Banks xchrom Apr 2013 #30

Finland Turns to Venture Funds to Rescue Economy: Nordic Credit xchrom Apr 2013 #32

It was nice knowing you! Demeter Apr 2013 #35

RIDDLE ME THIS: How long does it take the self-absorbed, narcissistic 1% to realize Demeter Apr 2013 #36

It will be awhile DemReadingDU Apr 2013 #38

Letter from Berlin: Franco-German Left Mired in Difficulties xchrom Apr 2013 #39

US CONSUMER BORROWING UP $18.2B IN FEBRUARY xchrom Apr 2013 #40

Egypt After The Revolution: There's Not Much To Sell But Sex xchrom Apr 2013 #41

My two quarrels with Roger bread_and_roses Apr 2013 #42

My rant does have a connection to our perennial interests .... bread_and_roses Apr 2013 #44

To be able to keep a job as a newspaper film reviewer while even inkling non-corporate kickysnana Apr 2013 #45

Oh, I'm not condemning him wholesale - bread_and_roses Apr 2013 #53

Mr. President, Please do not cut Social Security! By Robert Reich, former U.S. Secretary of Labor Demeter Apr 2013 #43

Americans buying up silver and gold coins xchrom Apr 2013 #46

OMG! Did they have to melt down the One Ring to issue that coin? Demeter Apr 2013 #56

I just knew some one would catch that! Nt xchrom Apr 2013 #58

Too funny - but I think the One Ring ... bread_and_roses Apr 2013 #59

that WOULD have been serendipity! Demeter Apr 2013 #61

ACLU accuses Ohio courts of enacting �debtors� prisons� xchrom Apr 2013 #47

Sometimes there are valid reasons DemReadingDU Apr 2013 #48

Well, jobs would be a good start bread_and_roses Apr 2013 #62

UK under pressure to act on UK offshore havens xchrom Apr 2013 #49

PORTUGAL PREMIER TO GIVE SPEECH ON ECONOMY CRISIS xchrom Apr 2013 #50

Portugal PM holds urgent budget talks after court ruling xchrom Apr 2013 #51

Bulgaria holds prayers to end suicides and despair xchrom Apr 2013 #52

For AnneD - "Goldencents" won yesterday bread_and_roses Apr 2013 #55

Ladies and Gentlemen Demeter Apr 2013 #57