facebook
twitter
rss
account
search
search
 

Austerity talks in Portugal break down

July 20, 2013 at 1:24 PM   |   Comments

LISBON, Portugal, July 20 (UPI) -- Talks on government austerity among Portugal's leading political parties have broken down, putting possible agreement on fiscal policies on hold.

The weeklong talks were intended to implement austerity measures demanded by European Union and International Monetary Fund lenders, who gave Portugal a $102 billion bailout in 2011, the BBC reported Friday.

Main opposition leader Antonio Jose Seguro said most of his party's proposals have been rejected and it is time for President Anibal Cavaco Silva to decide how to end the crisis.

"There were two different visions to exit the crisis. That being clear, it made no sense to continue negotiating for the sake of negotiating," Seguro said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Poland's Komorowski wants U.N to block Russian influence Poland's Komorowski wants U.N to block Russian influence
2
Ferguson cop testifies before grand jury about Michael Brown shooting Ferguson cop testifies before grand jury about Michael Brown shooting
3
Jon Stewart criticizes NFL for actions against Adrian Peterson Jon Stewart criticizes NFL for actions against Adrian Peterson
4
Nazi death camp gas chambers discovered Nazi death camp gas chambers discovered
5
New F-35 sustainment system undergoing flight testing New F-35 sustainment system undergoing flight testing
Trending News
Video
x
Feedback