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October 16, 2021

Portuguese protest austerity cuts

In Portugal, thousands of people took to the streets of Lisbon and Porto on Saturday to denounce falling living standards amid deep government austerity measures, Euronews reported. In April, Portugal became the third eurozone country after Greece and Ireland to request an emergency bailout from the European Union and the International Monetary Fund to deal with its debt. In exchange for EUR 78 bln, the country agreed to impose reforms demanded by its creditors, including tough budget cutting measures.

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