Portugal: ‘IMF: Order to kill’

The IMF report on Portugal’s implementation of an EU-brokered bailout plan aims to throw off the country’s constitutional court, says i.

Instead of including reforms in the 2014 state budget, the IMF wants to push directly into structural reforms, which assumes to be the most difficult part of the Portuguese adjustment program.

Their plan would provide savings of €1.4bn this year and almost €3.3bn in 2014, thus reaching €4.7bn in cuts, €700m more than initially advanced by the government.

A new law to reduce state expenses will have to be ready by July 15, so that parliament will put it to vote before the MPs go on summer holidays.

Full article: Portugal: ‘IMF: Order to kill’ (Presseurop)

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