Mon, Mar 04, 2013 - Page 6 News List

Portuguese march against harsh austerity measures

‘SCREW THE TROIKA’:The marches in 20 cities, largely by young people frustrated with 40% youth unemployment, came as the country is set to enter a third year of recession


Many thousands of demonstrators held marches in more than 20 cities in Portugal on Saturday to protest against government-imposed austerity measures aimed at lifting the ailing country out of recession.

Tens of thousands filled a Lisbon boulevard leading to the Portuguese Ministry of Finance carrying placards reading: “Screw the troika, we want our lives back.”

The troika refers to the European Commission, the IMF and the European Central Bank — the lenders behind the country’s financial bailout.

Many protesters were singing a 40-year-old song linked to a 1974 popular uprising known as the Carnation Revolution. Some waved handkerchiefs in a symbolic gesture, saying goodbye to the government.

“If the government pays attention to what is happening and understands that the people are against them, they should get out,” 65-year-old Serafin Lobato said. “If not, this won’t stop.”

Portugal is expected to endure a third straight year of recession this year, with a 2 percent contraction. The overall jobless rate has grown to a record 17.6 percent.

The marches were powered mostly by young people. Unemployment among people under 25 is close to 40 percent.

The country’s largest trade union, the General Confederation of Portuguese Workers, which has about 600,000 members, also supported the marches and swelled numbers.

After several years of tax increases and welfare cuts, austerity is poised to deepen as the government looks for another 4 billion euros (US$5.2 billion) to cut over the next two years, with the national health service, education, pensioners and government workers likely to be the hardest hit.

“There is no future without education, there is no future without culture,” 23-year-old student Ana Julia said. “We have to protest to get back what they are trying to take away from us.”

The government is locked into debt-cutting measures in return for the 78 billion euro financial rescue set up in 2011. More tax hikes this year sliced another chunk off wages.

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