Published November 20, 2014
The junior party in bailed-out Portugal's coalition government has ended days of political tension by endorsing a plan for severe tax increases next year, ensuring the new austerity measures are approved in Parliament.
Senior officials in the center-right Popular Party had expressed misgivings about the finance ministry's 2013 draft budget, which sparked a public outcry.
Their reluctance to back the proposal threatened to bring down the 16-month-old government.
Finance Minister Vitor Gaspar says the extra tax revenue is needed to meet the deficit targets stipulated in Portugal's €78 billion ($102 billion) bailout agreement last year.
Breaking a three-day public silence, Popular Party leader Paulo Portas said in a written statement Thursday his party will approve the budget plan because of the country's "extremely delicate economic and social circumstances."
https://www.foxnews.com/world/bailed-out-portugals-coalition-government-unites-over-austerity-averts-political-crisis