Portugal PM announces severe spending cuts | Bangkok Post: news

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Portugal PM announces severe spending cuts

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Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures, as the EU warned the debt-hit nation to respect the aims of its international bailout. 

Portugal's Prime Minister Pedro Passos Coelho addresses the nation from Sao Bento palace in Lisbon on April 7, 2013. Coelho has announced severe cuts in public spending following a decision by the constitutional court rejecting a number of austerity provisions in this year's budget.

In an address to the nation Sunday, Coelho said there would be no new tax hikes in 2013 but that measures would be taken to "contain public spending in the areas of social security, health and education".

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