Portuguese activists urge govt. to quit

The protesters were removed by police on Thursday from the legislature’s public gallery as the parliament speaker hinted that regulations on access to the galleries may be reconsidered.

The development comes as the financially troubled country was cast into panic on Thursday when Portuguese President Anibal Cavaco Silva called for early elections next year, rejecting a plan to mend a reported split within the government on austerity measures required for the eurozone country to exit its bailout imposed by the European Union (EU) and the International Monetary Fund (IMF).


The decision reportedly served as a warning to all major political parties, demonstrating that the conservative president does not regard any of them capable of ruling successfully until the EU-IMF bailout expires next June.

Silva’s announcement prompted pointed criticism in the eurozone nation that has slumped into its worst economic downturn since the 1970s as the result of the austerity imposed by the bailout, which include massive tax hikes in addition to spending cuts.

Portuguese markets, meanwhile, plunged in reaction to the president’s call for early elections. Its stocks fell 1.7 percent.

The Portuguese are growing increasingly hostile to the austerity measures as the nation’s unemployment rate has climbed to near record levels of about 18 percent.

MFB/MFB

Source Article from http://www.presstv.ir/detail/2013/07/12/313417/portuguese-activists-urge-govt-to-quit/

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