Sunday October 25, 2020

Portuguese prime minister says deeper reforms needed

Portugal needs to push deeper reforms to cut state spending as the country tries to avoid a second bailout, according to the Portuguese prime minister.

30th October, 2012
Portugal's prime minister Pedro Passos Coelho

Portugal needs to push deeper reforms to cut state spending as the country tries to avoid a second bailout, the country's prime minister Pedro Passos Coelho said.

“This more ambitious reform has to be carried out to ensure that the terms of the aid programme are met,” Coelho said in parliament today.

“There is a wide consensus in the country that a structural reform of the state is necessary if we want to...

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