"While Europe and the IMF rush to Ireland's aid, Portugal is sinking deeper into crisis. Faced with the country's economic difficulties, the government has announced an unprecedented austerity plan: VAT is to go up, civil servants' salaries are to be frozen or even cut, and benefits are to be reduced too. These austerity measures are causing anxiety among the population, already confronted with hard times. FRANCE 24 INTERNATIONAL NEWS 24/7..."
at http://economycollapse.blogspot.com/2010/12/portugal-sinks-in-silence.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2FCRkw+%28The+Economy++Collapse%29
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