On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
34° Feels Like: 30°
Wind: ESE 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 48°

Tonight

Partly Cloudy 29°

Tomorrow

Few Showers/Wind 61°

Alerts

Portugal specifies some planned cuts to lenders

A woman walks past a wall with a graffiti of Portugal's Prime Minister Pedro Passos Coelho in Lisbon April 9, 2013. REUTERS/Jose Manuel Ribe
A woman walks past a wall with a graffiti of Portugal's Prime Minister Pedro Passos Coelho in Lisbon April 9, 2013. REUTERS/Jose Manuel Ribe

LISBON (Reuters) - Portugal will apply new spending cuts worth 600 million euros and bring forward reductions envisaged for 2014 to compensate for last week's rejection by the constitutional court of some government austerity measures, the prime minister said on Friday.

Pedro Passos Coelho said the government had presented some of the measures to Portugal's European partners, who have said they are ready to extend rescue loan maturities for Portugal after assessing the planned cuts.

"600 million euros will come from cuts in each ministry and the other part will come from bringing forward measures from 2014 in the areas of social security, health, education and public companies," the premier said.

(Reporting By Andrei Khalip)

Comments