Economic crisis

Portuguese will learn to live with IMF

Published on 29 April 2011 at 11:41


"Know what will change in your life with the IMF", headlines Jornal de Negócios, in a special edition almost exclusively dedicated to the International Monetary Fund. The economic diary notes that the IMF, European Central Bank and European Commission have not yet reached an agreement on the period of time Portugal should be given to reduce its public deficit, adding that a short period, as Brussels wants, will demand greater austerity. Although the measures imposed by the troika are not known yet, Jornal de Negócios guarantees that the Portuguese citizens will receive less from the state and will have to pay more taxes, receive lower pensions and unemployment benefits and face a wave of privatisations. The Lisbon daily also reveals that Germany, France, Italy, Spain and United States are the five countries that will guarantee more than half of the financial attendance to Portugal.

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