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Portuguese strike over bailout austerity

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Portuguese strike over bailout austerity


In Portugal thousands of public sector workers have gone on strike only a day after the country’s massive multi-billion euro bailout.

About 250,000 civil servants reportedly took part with hospital and refuge collection services said to be the worst affected. Unions fear their members will bear the brunt of government austerity.

On the streets of Lisbon, not everyone was sure the stoppages would achieve much.

‘‘The strike will not solve anything. People must pay and we cannot escape that,’‘ one man said.

“The Unions. It’s their role around the world, of course they have to fight it. They are doing their job,” another man said.

Already suffering economically, the country’s finance minister admitted Portugal will sink back into recession due to the terms of the near-80 billion euro rescue deal.

Lisbon was forced to go cap in hand to the EU and IMF when its cost of borrowing rocketed after the government collapsed.

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