Quote:
The Portuguese government has revealed details of its draft budget for 2013, one of the harshest in the country's recent history...
... Finance Minister Vitor Gaspar confirmed the average income tax rise would increase from 9.8% in 2012 to 13.2% next year. Portugal was granted a 78bn-euro ($100bn; £63bn) bailout last year...
... As in Spain and Greece, Portugal has seen huge street protests against the austerity cuts that are needed to meet the demands of the bailout...
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http://www.bbc.co.uk/news/business-19953167
While all the Eurocrats are celebrating their Nobel peace Prize, I wonder if anyone in EuroLaLaLand has considered what would happen to all the 'peace' if the German economy were to stall or its people were to force a change of policy towards the likes of Portugal?