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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 8 October 2013 [View all]xchrom
(108,903 posts)31. LISBON SUBWAY STRIKE HERALDS NEW WAVE OF PROTESTS
http://hosted.ap.org/dynamic/stories/E/EU_PORTUGAL_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-10-08-06-33-45
LISBON, Portugal (AP) -- The Lisbon subway closed Tuesday for the fourth time this year as striking workers continued their protests against austerity measures linked to Portugal's 78 billion-euro ($105.7 billion) bailout.
Nurses and government workers also plan walkouts in coming weeks as labor groups resume their fight against the center-right government's reforms after a summer lull.
The opposition from trade unions to cuts in public sector staffing levels, pay and pensions, as well as reforms that are snatching away long-standing job entitlements, is one of the biggest obstacles the government faces in implementing an economic recovery program demanded by the bailout creditors.
Though the coalition government has a comfortable majority in Parliament that allows it to pass legislation, it has seen some of its cuts rejected by the Constitutional Court.
LISBON, Portugal (AP) -- The Lisbon subway closed Tuesday for the fourth time this year as striking workers continued their protests against austerity measures linked to Portugal's 78 billion-euro ($105.7 billion) bailout.
Nurses and government workers also plan walkouts in coming weeks as labor groups resume their fight against the center-right government's reforms after a summer lull.
The opposition from trade unions to cuts in public sector staffing levels, pay and pensions, as well as reforms that are snatching away long-standing job entitlements, is one of the biggest obstacles the government faces in implementing an economic recovery program demanded by the bailout creditors.
Though the coalition government has a comfortable majority in Parliament that allows it to pass legislation, it has seen some of its cuts rejected by the Constitutional Court.
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