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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Another Europe News
Germany renews its hard stance on EU budget demanding hundreds of billions in cuts
Germany renews its hard stance on EU budget demanding hundreds of billions in cuts
Germany is demanding deep cuts to the European Commission’s proposed EU budget and ruling out new common borrowing, setting up a bruising battle over how Europe funds Ukraine, defence and competitiveness.
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Latest news bulletin | August 30th, 2026 – Evening
Catch up with the most important stories from around Europe and beyond this August 30th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
READ MORE : http://www.euronews.com/2026/08/30/latest-news-bulletin-august-30th-2026-evening
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Hassan arrived in France in 2010 and spent over a decade saving to open his own business.
Following the violent weekend riots in Paris, his life’s work was destroyed in a single night.
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Putin seeks Ukraine summit with Trump and Xi but refuses talks with Zelenskyy
The proposed talks come as Washington eases economic pressure on Moscow while pressing Ukraine to halt strikes on Russian oil infrastructure, raising concerns in Kyiv that the Kremlin is securing concessions without making any of its own.
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Latest news bulletin | September 20th, 2026 – Evening
Catch up with the most important stories from around Europe and beyond this September 20th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
READ MORE : http://www.euronews.com/2026/09/20/latest-news-bulletin-september-20th-2026-evening
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Germany renews its hard stance on EU budget demanding hundreds of billions in cuts
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