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Lisbon protests: 'Politicians are thieves, give us back the hope' (Photo: Pedro Ribeiro Simoes)

Portugal in crisis after 1mn say No to austerity

Portugal is facing a massive backlash against troika-approved austerity measures to raise social contributions for employees.

Portuguese President Anibal Cavaco Silva is on Friday (21 September) to convene a rare meeting of the state council in a bid to defuse a political crisis linked to the controversial measure.

Over 1 million people took to the streets of Portuguese cities on Saturday in protest at moves to boost social contributions from 11 percent to 18 percent for workers ...

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