ReePrime
Portuguese middle class eroded by austerity

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

Portuguese middle class eroded by austerity

E
euronews (in English)

1 Views • Apr 25, 2012

Description

In mid-April, Portugal's parliament ratified the new European pact on budgetary discipline, the second EU country to do so after Greece. The pact provides for an automatic procedure to punitively sanction a country that swerves away from the rules: a structural deficit of 0.5 percent, a maximum public deficit of 3 percent and a national debt ceiling of 60 percent of GDP.

...
http://www.euronews.net/