Portugal´s Government is in Big trouble.
The Government of Portugal´s President Anibal Antonio Cavaco Silva is in Big trouble due to social unrest. Photo Credit AFP Getty Images, Photographer Dominique Faget
While social unrest is speeding up in Portugal, the country´s core public deficit nearly tripled in the first two months of this year with tax revenues falling and spending up, showing the country has its work cut out to hit fiscal targets under its €78 billion EU/IMF bailout.
The gap widened to €799 million from €274 million in the same period a year earlier, when the deficit slumped by more than 70 per cent, the finance ministry’s budget office said on its website late yesterday READ MORE HERE