Thursday, September 30, 2010

money, money, money

The Portuguese Prime Minister announced yesterday that in order to balance the budget for next year the State would be taking austerity measures a few of which include: freezing pensions, reducing salaries of state workers (between 3.5% and 10% based on monthly income), and increasing the IVA (sales tax) to 23%.  Looks like we are all headed for the poor house . . .

No comments: