Portugal fails to get a grip on public finances - Portugals public debt has risen an astounding €7 billion to 132.9% of GDP. Despite punitive austerity measures, allegedly booming tourism receipts and, the public are told, a growing business sector, the government is presiding over a financial fiasco due primarily to its inability to tackle public sector expenditure and taking on over €70 billion in loans from the Troika.
Posted on: Tue, 22 Jul 2014 17:53:29 +0000
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