Economy
5:18 am
Wed May 16, 2012

Portugal Looks Back On 1 Year Since Its Bailout

Originally published on Wed May 16, 2012 5:47 am

In Portugal, austerity has meant up to a 30 percent pay cut for civil servants. Unemployment is at more than 15 percent, and the economy continues to shrink. The European Union recently warned the Portuguese people may have to sacrifice even more.

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