Austerity in Portugal
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Austerity in Portugal
The downfall of the economy is making the government take drastic measures, while people are getting beyond frustrated.
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Tourism is key to jobs and exports says President of Portugal - RCI Ventures

Tourism is key to jobs and exports says President of Portugal - RCI Ventures | Austerity in Portugal | Scoop.it
The President of Portugal, Anibal Cavaco Silva, has highlighted the importance of tourism to the country’s jobs and exports.
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Youth and poor bear brunt of austerity in Portugal

Youth and poor bear brunt of austerity in Portugal | Austerity in Portugal | Scoop.it
FACING LINES of grim-looking police officers, several hundred Portuguese indignados gather at the foot of the steps leading up to the country’s imposing assembly building, writes TOM HENNIGANin Lisbon...
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Who's getting hit the hardest? And what do the people of Portugal is in their future?

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ECONOMICS - Merkel defends austerity on Portugal battleground

ECONOMICS - Merkel defends austerity on Portugal battleground | Austerity in Portugal | Scoop.it
German Chancellor Angela Merkel, receives an unfriendly welcome in her visit to bailed-out Portugal...
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Merkel's views on Portugal's bailout. How does Chancellor Angela Merkel 's view effect political and economic geography? And how do the people react?

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Portugal

Portugal | Austerity in Portugal | Scoop.it
GDP growth: -2.2%GDP per head: $19,580 (PPP: $25,310)Inflation: 1.9%Budget balance (% GDP): -4.6Population: 10.6m Struggling with a home-grown debt crisis and prey...
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Quick little facts on Portugal's economy and what to watch out for.

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Portuguese to strike over austerity measures

Portugal is preparing for a general strike, as trade unions try to rally opposition to the government's austerity measures. The Portuguese economy is mired d...
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Portugal Passes Another Austere Budget

Portugal Passes Another Austere Budget | Austerity in Portugal | Scoop.it
Since the spring of 2010, Portugal has been battered by the debt crisis that began in Greece and has spread across much of Europe’s periphery. On Tuesday, it passed another round of tax increases and spending cuts.
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These photos capture the essence of people's lives now and shows visually what articles can not.

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Prison Hardships Rise in Portugal as Crisis Drags On

Prison Hardships Rise in Portugal as Crisis Drags On | Austerity in Portugal | Scoop.it
Government spending cuts and rising crime rates in Portugal have added dangerous new burdens to a system that prisoners and guards alike warn is already stretched beyond its limits.
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I can only imagine what these prisions look like on the inside. However, I don't blame the prisioners; if anything I feel bad for them. These are people that have become so desperate, that they are willing to steal or commit crimes because they have nothing left to lose. When they get thrown in jail, they at least have shelter, food and a place to shower, despite how unsafe they are becoming. 

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More Than 100,000 People Protest Against Austerity In Portugal

More Than 100,000 People Protest Against Austerity In Portugal | Austerity in Portugal | Scoop.it
* Organisers claim 300,000 took part * More protests against bailout austerity on Feb.
Stephanie Cabral's insight:

The Portuguese have really come together to show the government just how bad they need something to be done. People are fed up, and they can't live their lives anymore. They suspect the government is just stealing from them, which may be true or not. What may come out of these rallies we will only have to wait and see.

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Portugal Official Tourism Website

Portugal Official Tourism Website | Austerity in Portugal | Scoop.it
Plan your travel to Portugal. Looking for romance, discovering culture, living adventure, relaxing? Indulge yourself in Portugal, your holidays’ destination.
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Thought it would be interesting to compare how the tourism site shows Portugal and how the media is showing Portugal.

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Portugal marches against austerity (PHOTOS, VIDEO) — RT

Portugal marches against austerity (PHOTOS, VIDEO) — RT | Austerity in Portugal | Scoop.it
More than 150,000 people marched through the streets of Portugal to voice anger against a planned tax hike announced by the center-right government. Chanting, "Out of here!
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Some pictures and a video of protesters. This article talks about how Facebook effected the protest, and some of the crazy things that they are doing to get the government to pay attention.

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IMF Warns on Impact of Portuguese Austerity

IMF Warns on Impact of Portuguese Austerity | Austerity in Portugal | Scoop.it
Austerity imposed under Portugal's €78 billion bailout program is having a bigger impact on the economy than previously thought, the International Monetary Fund warned.
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The risks that the government did not expect to see are all laid out here. What I don't understand is how the government can "consistently miss forecasts for tax revenues." It seems as though they are not as desperate to solve this as the people are...

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More pain, less gain

More pain, less gain | Austerity in Portugal | Scoop.it
IN HAPPIER days before the euro crisis, one government in Lisbon rebranded the Algarve as the Allgarve, hoping to appeal to English-speaking tourists. Now a...
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Another article on the austerity, but this one focuses on the future of Portugal, and just what really will happen.

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Raw: Anti-Austerity Rally in Portugal

Tens of thousands of demonstrators from across Portugal marched in Lisbon to protest against European Union imposed austerity measures. The march was called ...
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Thousands of people have come together to fight for their lives. It's interesting to see that all types of people, men and women, of all ages. It's not just affecting one generation, but all.

 

"Contra o desemprego" - Against unemployment

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Understanding the European Crisis Now

Understanding the European Crisis Now | Austerity in Portugal | Scoop.it
Europe’s debt crisis has been caused by too much sovereign debt and growing problems in its banking system.
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This is a good infographic that helps explain the European Crisis to someone who doesn't really understand it (like myself). It also provides some facts and harsh realities.

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Portugal unveils more harsh austerity in budget

Portugal unveils more harsh austerity in budget | Austerity in Portugal | Scoop.it
Stephanie Cabral's insight:

This article explains what the next stage is in the austerity budget. Just reading the words "very significant tax hikes" can put anyone at unease, whether you're living through it or not. I think Portugal will be faced with a lot of political upheaval and there could be a similar situation to the dictatorship of the 70s.

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Portuguese Join Europe’s Chorus of Discontent

Portuguese Join Europe’s Chorus of Discontent | Austerity in Portugal | Scoop.it
Protests and work stoppages have become much more common, as daily life for many Portuguese families has become a struggle to stay afloat.
Stephanie Cabral's insight:

The pressure being put on Portugal is very high, and although they were doing quite well with previous measures, its shown that those measures were not so successful. People are getting frustrated that the government can't fix the problem. Desperate times call for desperate measures.

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