Portugal Set For $114 Billion EU-IMF Bailout
In return for a $114 billion EU-IMF ‘rescue’ package
Portugal will have to implement austerity measures
– already a key issue of its current election.
The country which is experiencing its highest unemployment rate in 30 years
– 12.6 per cent
– must implement tax hikes,
a freeze on pensions and wages,
as well as introduce a big reduction in welfare benefits.
[ Iceland was smart enough to ditch this whole concept and jail its bankers
Portugese folks will continue to get screwed every single day of their lives
by our vampire global banking system ]