Portugal rating down to junk level national strike broke out
Posted by phone on Wednesday, March 7, 2012
The Portuguese government efforts to get rid of the efforts of the economic crisis, was once again blow, sovereign credit rating in 24, rating agency fitch ratings by international fell to junk level. On the same day the national outbreak strike to protest tightening. In the capital, Lisbon, thousands of people more demonstrations, some in congress who clashed with the police before jostled,cheap new era hats at least six protesters were detained. After nightfall, Lisbon demonstrators gathered in parliament square still, some tried to break through the police cordon and hurried to parliament the steps, things began to chaos, riot police immediately intervention, with handcuffs withhold some people of hands, then away, and on the police car away. By the union call for 24 hours of national strike, from early the day since the launching, Lisbon at least three of the tax department office doors and Windows destruction. The police cordon pulling up guarded. Schools are closed, a student on beating gongs and drums, and pull up at the school gate slogans against the government's tightening. The strike paralyzed traffic transportation activities, subway, bus and the lines, port and airport service also stop, more than 470 class international flights were canceled, about 1 million people travel affected. The streets of garbage no one to clear. Portugal after Greece and Ireland is the euro zone after the third for financial aid country. A 78 billion euros for the aid, congress will be next week, will vote on the budget cuts plan, plan cuts of the civil service salary, benefits,cheap nfl jerseys cause union backlash. On the other hand, a Portuguese sovereign credit rating by fitch ratings by reducing the BBB, down to the bb add, is rubbish level, looking to negative, but from negative watch list of excision. Fitch ratings warned that if the Portuguese economy further turn weak, will have to cut the rating of the risk. Fitch ratings points out, although the Portuguese government determined to push reform cut the deficit, but the government debt level is high, and the economy is expected to shrink 3% next year, will be more difficult reforms.
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