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Pay cuts unconstitutional, says Portuguese Court

Posted By Adan On April 7, 2013 @ 1:14 pm In Economic Crisis,Old Infowars Posts Style | Comments Disabled

New Europe Online
April 7, 2013

In a setback to the austerity program agreed between Portugal and foreign creditors, Portugal’s Constitutional Court has ruled Friday, 5/4, that several of the 2013 budget articles introducing pay cuts are unconstitutional.

According to a statement by the 13 judges of the Constitutional Court, budget measures cutting holiday pay mainly for government workers and pensioners or reducing unemployment and sickness benefits are unconstitutional, thus rejecting four out of nine contested austerity measures from the 2013 budget.

This will deprive the state of 1.5bn euros in savings that the government considers necessary to meet the terms of the Eurozone’s 78bn euro bailout package, negotiated with the “troika” comprised of the European Union, the European Central Bank and the International Monetary Fund.

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