Rift over austerity plans is seen in ailing Portugal

Rift over austerity plans is seen in ailing Portugal

Press quote (The New York Times)
03 July 2013
Portugal's main stock market index closed down 5.3 percent on Wednesday — and provided "another nail in the coffin of the current austerity approach," said Simon Tilford, of the CER. "Portugal was one of the poster children for it, with a government that sounded even more wedded to austerity and supply-side reforms than the policy makers sitting in Brussels, Berlin and Frankfurt," he said.