Portugal feels pinch of austerity measures

[Rayden]

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

<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