Articles by Socialist Worker, LeftBanker
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Portugal: The Prospect of a Full Bailout and More Austerity Looms in 2011
Socialist Worker, LeftBanker – TRANSCEND Media Service,
17 Jan 2011
Portugal is the latest European country to face a financial crisis, the likelihood of a bailout by the European Union and International Monetary Fund–and savage austerity measures that come with the “rescue.” The cutbacks, layoffs and regressive tax increases are being championed by the center-left Socialist Party government, with the support of the country’s main conservative party, the Social Democratic Party.
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