The American Empire in a Changing World


Wednesday, November 14, 2012

Portugal: ''Lowering deficit will take “decades”

From Algrarve Resident

''Finance Minister Vítor Gaspar acknowledged in Lisbon on Tuesday (November 6) that it will take “decades” for the country to fully reduce its public deficit and ensure a “prudent budgetary position”.

The minister also revealed, at a hearing before the parliamentary committee of troika’s budgetary assistance programme, that the IMF and the World Bank were close to concluding an evaluation of further spending cuts.''

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