Tag Archives: EU Warns Portugal on Austerity Measures; Portugal Faces Fresh Spending Cuts; Second Bailout Coming Up

Mish/ Mike Shedlock – EU Warns Portugal on Austerity Measures; Portugal Faces Fresh Spending Cuts; Second Bailout Coming Up – 8 April 2013

mish-image-15%As expected, Brussels rejected the Inane Plan “B” Measure to Pay Workers in T-Bills following a Portuguese court ruling that certain austerity measures are unconstitutional.

Reuters reports Portugal must stick to agreed budget targets to get loan extension.

And so Portugal faces fresh cuts to spending. Continue reading