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Press Review – Minister of finance backtracks on €4bn cuts

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Público
«”No” to bailout leaves Cyprus on brink of bankruptcy», reveals Público, following a vote in Cyprus concerning the plan to tax bank deposits, which caused markets to react nervously across the eurozone. The daily newspaper reports that in Portugal, coalition parties PSD and CDS-PP are uncomfortable with the minister of finance’s explanation regarding the positions of Portugal and the Eurogroup.

Correio da Manhã
«Defence cuts: Armed forces protest by letter», reports Correio da Manhã, as the three main socio-professional associations of the Portuguese armed forces are to hold this Wednesday a protest outside the prime minister’s official residence and deliver a letter that outlines their grievances regarding the government’s policies for the sector.

Diário de Notícias
«Criminals from 60 countries in gangs with activity in Portugal», writes Diário de Notícias, as a report released by Europol reveals that Portugal is being used by international criminal gangs as a base for their activities across Europe. According to the paper, the Organised Crime Threat Assessment for 2013 says that the organised groups detected in Portugal carry out activities in over 35 countries, which “clearly indicates a significant level of international criminal cooperation, mobility and reach.”

Jornal de Notícias
«Ronaldo outshines Obama in Israel», reports Jornal de Notícias, as football star Cristiano Ronaldo, arriving in Israel this Wednesday with the Portuguese squad for Friday’s crucial 2014 World Cup qualifier, is generating more public euphoria than US President Barrack Obama, who is also arriving in the country for his first official visit..

i
«Vítor Gaspar backtracks and leaves cuts of €4bn open», writes i, as the minister of finance said in parliament Tuesday that the government’s projected spending cuts of €4bn were not definite and that although cuts had to be carried out, there was no set deadline or amount agreed.

Diário Económico
«Government says contract terminations avoid lay-offs in public sector», reports financial daily Diário Económico, as the coalition government begins talks this Wednesday with trade unions regarding terminations in the public sector. According to the paper, the cabinet will defend that a termination by mutual agreement scheme will avoid future lay-offs of civil servants.

Jornal de Negócios
«Minister of finance tries to ease pressure on state reform», reports Jornal de Negócios, as the government is to hold talks with trade unions this Wednesday regarding salaries and contract terminations in the public sector. The financial daily reports that the governor of the Bank of Portugal, Carlos Costa, defends “a cautious programme” following the so-called troika’s exit.

A Bola
«We can’t declare victory», writes A Bola, quoting Benfica striker Ezequiel Garay, after the team was paired with Newcastle United  in Friday’s Europa League quarter-final draw.

Record
«Millions of solutions», writes Record, as candidates running for the presidency of Sporting Lisbon claim there are many formulas to solve the club’s financial woes, before the Lisbon outfit holds elections next week to find a replacement for president Godinho

O Jogo
«Artur is also worth titles», writes O Jogo, as Benfica’s Brazilian goalkeeper Artur is commended by technician Domingos Paciência for not having suffered any goals in the club’s last 5 matches, a European record.


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