abc
QUICK LINKS:

Portugal strikes, legal action bring fiscal risk

Created: 11/25/2013 6:35 AM KSTP.com

(AP) LISBON, Portugal - The Portuguese government’s woes are piling up as it battles to comply with austerity measures demanded by its 78 billion-euro ($105 billion) bailout.

Amid a recent spate of strikes by labor groups and street protests against pay and pension cuts, Lisbon ferry workers walked off the job Monday. Also, court sessions were cancelled as magistrates went on strike, while a walkout by border guards caused delays at airports.

Last weekend, President Anibal Cavaco Silva asked the Constitutional Court to rule on the legality of a new law cutting the pensions of government workers. The court has disallowed key debt-reduction measures five times over the past two years.

Inspectors from Portugal’s bailout creditors are due in Lisbon next week amid concerns the country may end up needing more financial help.

Minneapolis/St. Paul

Overcast
44°
49° | 28°
  • Feels like: 37° F
  • Wind: NNW 14mph
  • Humidity: 68%
  • Fri Sunshine
    40° | 24°
  • Sat More sun than clouds
    48° | 34°
  • Sun Partly cloudy
    56° | 45°
  • Mon Showers ending by midday
    57° | 37°

Video

KSTP NEWS