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Thread: Portugal to Raise Taxes in Bid to Cut Deficit Faster

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    Portugal to Raise Taxes in Bid to Cut Deficit Faster

    Another move toward addressing fiscal imbalances in the EU...

    Bloomberg.com reported:

    Portugal will cut wages of top government officials and temporarily raise taxes in a bid to narrow its budget deficit faster than previously planned to fight contagion from Greece’s fiscal woes.

    The government approved increases in value-added, personal income and corporate taxes, Prime Minister Jose Socrates told a press conference in Lisbon today. He maintained the 2010 goal of a deficit of 7.3 percent of gross domestic product and lowered the 2011 target to 4.6 percent from 5.1 percent.
    Portugal to Raise Taxes in Bid to Cut Deficit Faster (Update1) - Bloomberg.com

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    Outer space potato man

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster

    Quote Originally Posted by donsutherland1 View Post
    Another move toward addressing fiscal imbalances in the EU...

    Bloomberg.com reported:



    Portugal to Raise Taxes in Bid to Cut Deficit Faster (Update1) - Bloomberg.com
    If only the American people could stomach this necessary step.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster

    Quote Originally Posted by donsutherland1 View Post
    Another move toward addressing fiscal imbalances in the EU...

    Bloomberg.com reported:



    Portugal to Raise Taxes in Bid to Cut Deficit Faster (Update1) - Bloomberg.com
    So when do the riots start?
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster

    a "cultural revolution" is required

    the central bank picked the "nuclear option," buying up govt bonds

    growth is thru the floor

    My Way News - Euro loses bounce from $1 trillion bailout

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster

    good for mike pence

    the european bailout protection act would:

    "Prohibit any funds that have yet to be drawn by the IMF from being used to provide financing to any EU countries until all EU nations are in compliance with the debt to GDP ratio requirement in their own collective growth pact."

    Right Now - Republicans introduce bill to prevent Euro bailout

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster

    here we go again

    News Headlines

    UPDATE 2-Greek workers call one-day strike May 20 | Reuters

    do you think our friends overseas are really good for all they owe?

    if a cultural revolution is required...

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster

    Quote Originally Posted by Deuce View Post
    If only the American people could stomach this necessary step.
    If only the American government could stomach cutting the budget and allowing government to shrink. If the American people should stomach anything it should be reduced power to unions and less social spending, not higher taxes. The problem lies with the fiscal responsibility, so throwing more money at the same irresponsible congress and leaders won't fix the issue.

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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster


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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster


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    Re: Portugal to Raise Taxes in Bid to Cut Deficit Faster


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