Sol
«PSD irritates Passos», writes Sol, as Prime Minister Passos Coelho was strongly criticised by the Social Democrats (PSD) during a dinner at the party’s headquarters on Thursday. The weekly newspaper reports that the prime minister was irritated by the remarks and said he was not there to discuss “sector policies”.
Público
«Unemployment: Inactivity rate at highest point since 1998», reveals Público, as the jobless rate in Portugal has hit 17.7% but the inactivity rate has reached 39.9%, its highest in the last 15 years.
Correio da Manhã
«Real unemployment affects 1.5 million people», reports Correio da Manhã, as unemployment hits a new high, with a real jobless rate reaching 26.1% in the first quarter of 2013.
Diário de Notícias
«Troika only created jobs that pay up to €310», writes Diário de Notícias, as the only employment indicator that saw any growth since the start of Portugal’s adjustment programme under the so-called troika of international lenders (European Commission, European Central Bank and International Monetary Fund) concerns the lowest paying jobs. According to the National Institute of Statistics, between the second quarter of 2011 and the first quarter of this year, employment among workers with contracts that earn less than €310 rose 15.1%, all other pay scale levels registered a contraction in employment.
Jornal de Notícias
«Employment only rises for salaries up to €310», reports Jornal de Notícias, as according to figures released by the National Institute of Statistics over 21,000 Portuguese citizens are earning wages below the Social Support Indexation, which stands at €419.22, and the unemployment rate has hit 17.7%.
i
«Minister Maduro: Adjustment could end up being “politically and sociably unsustainable”», reveals i, as recently appointed Deputy Minister and Minister for Regional Development Miguel Poiares Maduro took the opportunity on Europe Day on Thursday to call for the sharing of both solutions and the costs for the euro crisis to ensure the adjustment programme is socially and politically sustainable.
Diário Económico
«Almost 30% of spending cuts could end up in Constitutional Court», writes Diário Económico, as the process of converging the CGA (the old-age pension scheme for civil servants), cuts to the public-sector mobility programme and the new tax on pensions could spark doubts regarding their legality. The financial daily reports that these cuts are worth €1.3bn.
Jornal de Negócios
«VAT cash accounting to work in collections up to one year», reports Jornal de Negócios, as companies with an annual turnover of under €500,000 will only pay VAT when they receive money from their customers, with a maximum limit of one year. After this they will be forced to pay the tax, the financial daily reports.
A Bola
«Lima: the dragon hunter», writes A Bola, as the Benfica striker has scored four goals against FC Porto, more than those of the rest of the squad put together, ahead of this weekend’s “clássico” agains the northern team.
Record
«New manager wanted», reveals Record, as the meeting between Sporting Lisbon manager Jesualdo Ferreira and the club president Bruno Carvalho, was unsuccessful.
O Jogo
«Lima is the dragon’s poison», writes O Jogo, claiming that no other player has been so lethal on the pitch against FC Porto.