BERLIN (Reuters) - German Finance Wolfgang Schaeuble said on Monday Portugal will have to find new savings after its constitutional court rejected some of the austerity measures introduced as a condition of an international bailout.
"Portugal has made lots of progress in the last year to gain access to financial markets. But after this (constitutional court) decision it will have to find new measures," Schaeuble told a Bavarian radio station in an interview.
After the Portuguese court rejected four out of nine contested austerity measures from the budget last Friday, which could cost the state between 900 million and 1.3 billion euros, Prime Minister Pedro Passos Coelho pledged to cut spending.
(Reporting by Stephen Brown, editing by Gareth Jones)
Relacionados
- Trabajadores de Metro del turno de la tarde ratifican los paros parciales indefinidos a partir del 17 de abril
- Trabajadores de Metro del turno de mañana apoyan convocar una huelga indefinida a partir del 17 de abril
- La comparecencia de Griñán sobre el caso ERE contará con un solo turno de intervención para los grupos
- La Junta culmina el pago pendiente del turno de oficio de 2012 tras abonar otros 6,5 millones a los abogados andaluces
- La factoría de Renault inicia el turno antiestrés donde se trabaja toda la semana y se contratará a 80 personas