Portugal's austerity measures fall short

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Tuesday 18 October 2011

Portugal's austerity measures fall short

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Portugal's Finance minister Vitor Gaspar speaks during a conference to present the 2012 draft budget.

Reuters/Hugo Correia

By Jan van der Made

In May, Portugal received a 78-billion-euro bailout from the European Union and International Monetary Fund conditional on the introduction of a tough austerity programme. But economist Jorge Vasconcellos, founder of the Portugese Institute for Economic Freedom in Lisbon, thinks the government still isn't doing enough to get the country out of the current economic mess.

Dossier: Eurozone in crisis