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Jose Socrates: The centre-left government has announced a sweeping package of austerity measures and privatisation (Photo: Consilium)

Portuguese privatisation blitz aims to assuage EU fears

Desperate to avoid becoming the eurozone's next debt crisis after Greece, the Portuguese government has announced a far-reaching programme of privatisation, cutting back public control in 17 different enterprises.

Under the gun not just from investors but Brussels and other EU member states as well, finance minister Fernando Teixeira dos Santos presented the plan to his counterparts across the bloc at a meeting in the European capital on Tuesday (16 March).

The plan, the Programme...

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Jose Socrates: The centre-left government has announced a sweeping package of austerity measures and privatisation (Photo: Consilium)

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