• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Portugal feels pinch of austerity measures

Rayden

Alfrescian (InfP)
Generous Asset

Portugal feels pinch of austerity measures


As unemployment reaches record levels in its third year of recession, many question merits of austerity.

Last Modified: 16 May 2013 14:23

Below is the video, move your cursor over it to see the play button.<object id="flashObj" classid="clsid:biggrin:

<embed src="http://c.brightcove.com/services/viewer/federated_f9?isVid=1&isUI=1" bgcolor="#FFFFFF" flashvars="videoId=2385677047001&linkBaseURL=http%3A%2F%2Faje.me%2F12xGJH3&playerID=664965303001&playerKey=AQ~~,AAAAmtVJIFk~,TVGOQ5ZTwJZbyLu770YWZ_LE4OaoU5Nv&domain=embed&dynamicStreaming=true" base="http://admin.brightcove.com" name="flashObj" seamlesstabbing="false" type="application/x-shockwave-flash" allowfullscreen="true" allowscriptaccess="always" swliveconnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash" height="270" width="480"></object>

Portugal economy has been shrinking for three straight years.

Recession is driving prices up and unemployment to record levels.

The country has undergone a painful period of austerity to try to reduce its debt.

But many Portuguese are starting to ask if austerity is worth the pain.

Al Jazeera's Emma Hayward reports from Lisbon.

Source: Al Jazeera
 
Top