Another Europe News
OECD frets over Portugal’s pension problems – economy
http://www.euronews.com/ There has been a mixed report on Portugal’s economic reforms from the Organisation for Economic Cooperation and Development.
It called them “ambitious and courageous” but said Lisbon must recalibrate the country’s pension entitlement and scrap early retirement if it is to really make progress.
Euronews’ Paris correspondent Giovanni Magi reported there was some good news in a study that the Lisbon government had asked the OECD to draw up: “The OECD is encouraging Portugal to keep going with reforms, and is even optimistic. That is optimism that is really needed by Portugal’s people, as the crisis hits them hard.”
On May 3, Portugal’s Prime Minister Pedro Passos Coelho announced a series of new austerity measures, in order to meet the demands of international creditors who are loaning Lisbon money so the country does not go bankrupt.
After the OECD report was presented Passos Coelho said: “The latest programme we announced and that we’re discussing with our social partners is not an austerity programme. It has consequences only for government workers.”
The OECD warned Portugal’s rapidly ageing population is jeopardising its efforts to return the economy to financial health.
The problem with the pension reforms is that they threaten to tear apart the country’s coalition government and will likely be challenged in the courts.
The successive austerity measures adopted so far have plunged the Portuguese economy into recession and pushed unemployment to record levels at 17.7 percent.
The Bank of Portugal has forecast that GDP will shrink by 2.3 percent this year because of a sharp drop in domestic demand and a slowdown in exports.
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“If we want comfort in Europe, eat croissants and drink coffee in the morning and don’t think about the threats, then we have to support Ukraine,” Latvian Prime Minister Andris Kulbergs said at an EU summit.
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Latest news bulletin | September 21st, 2026 – Morning
Catch up with the most important stories from around Europe and beyond this September 21st, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
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“Russia right now is not ready for ceasefire” says German foreign minister Johann Wadephul. Wadephul’s comments come days after his conversation with Russian Foreign Minister Sergey Lavrov in New York on the sidelines of the UN General Assembly’s annual gathering of world leaders.
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Another Europe News
Romanian president calls for greater NATO oversight in the Black Sea in Euronews interview
Romanian president calls for greater NATO oversight in the Black Sea in Euronews interview
In an interview with Euronews, Romanian President Nicușor Dan warns that Black Sea security is under growing pressure as drone attacks hit commercial vessels off Romania and Bulgaria.
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How toxic wildfire haze is affecting daily life in Indonesia’s cities
Wildfires have blanketed Palangkaraya, on the Indonesian island of Borneo, in toxic haze for weeks, leaving residents struggling with persistent coughs, falling incomes and disrupted education.
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Kulbergs: If we want comfort in Europe, we have to support Ukraine
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