Portugal protests against austeritySubmitted by ecard71 on Sat, 03/16/2013 - 21:51
"The protestors, who were making their way toward the Finance Ministry, chanted “It’s time for the government to step down!” and “IMF! Get out of here!”
The Portuguese government is bracing for a record 18.2 percent jobless rate this year, up from last year’s 16.9 percent.
Portugal is grappling with its worst recession since the 1970s.
Demonstrators say the recession was caused by the government’s imposition of tax hikes and spending cuts required by a 78-billion-euro ($102 billion) bailout."
Hundreds of thousands of people flooded the streets of Portuguese cities protesting austerity measures that the government hopes will help to avoid the bailout and lift the country out of recession.
"On Saturday, organisers said as many as 500,000 protested in Lisbon, and hundreds of thousands more in other towns and cities."
Sound familiar? Due to mass protests, the Bulgarian government stepped down a few weeks ago.