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Expresso - Portugal | Monday, April 30, 2012

Portugal not emerging from the crisis

Portugal's international creditors once more gave the measures carried out so far to improve the country's ailing public finances the thumbs-up in a report published in early April. But this praise for the government's austerity programme should not divert attention from the country's huge problems, the left-liberal weekly Expresso points out: "It's not enough to set a common goal of rebalancing public finances. We need to know at what pace, and above all at what cost. … The execution of the 2011 and 2012 budget plan shows that the country definitely won't be able to finance itself in 2013. … Our finance minister has assured us that Portugal is on the right path. Yes, it's true: 1,500 more unemployed each day and dozens of bankruptcies, plunging tax revenues, the blind scrapping of valuable projects and the return to a Portugal of emigration. The only one who believes Portugal is on the right path is the government."

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