AIRLINK 206.50 Increased By ▲ 0.69 (0.34%)
BOP 10.22 Decreased By ▼ -0.02 (-0.2%)
CNERGY 7.00 Decreased By ▼ -0.06 (-0.85%)
FCCL 34.55 Decreased By ▼ -0.11 (-0.32%)
FFL 17.10 No Change ▼ 0.00 (0%)
FLYNG 25.20 Increased By ▲ 0.52 (2.11%)
HUBC 133.20 Increased By ▲ 2.02 (1.54%)
HUMNL 13.92 Decreased By ▼ -0.06 (-0.43%)
KEL 4.85 Decreased By ▼ -0.06 (-1.22%)
KOSM 6.79 Decreased By ▼ -0.02 (-0.29%)
MLCF 43.73 Decreased By ▼ -0.61 (-1.38%)
OGDC 221.50 Decreased By ▼ -0.27 (-0.12%)
PACE 7.20 Decreased By ▼ -0.02 (-0.28%)
PAEL 42.70 Increased By ▲ 0.01 (0.02%)
PIAHCLA 17.17 Increased By ▲ 0.04 (0.23%)
PIBTL 8.67 Increased By ▲ 0.25 (2.97%)
POWER 9.15 Increased By ▲ 0.06 (0.66%)
PPL 191.01 Increased By ▲ 0.15 (0.08%)
PRL 43.70 Increased By ▲ 0.21 (0.48%)
PTC 25.10 Increased By ▲ 0.31 (1.25%)
SEARL 102.81 Increased By ▲ 0.15 (0.15%)
SILK 1.02 No Change ▼ 0.00 (0%)
SSGC 42.60 Decreased By ▼ -0.14 (-0.33%)
SYM 18.30 Decreased By ▼ -0.10 (-0.54%)
TELE 9.23 Decreased By ▼ -0.03 (-0.32%)
TPLP 13.08 Decreased By ▼ -0.07 (-0.53%)
TRG 69.01 Increased By ▲ 0.23 (0.33%)
WAVESAPP 10.49 Increased By ▲ 0.07 (0.67%)
WTL 1.81 Increased By ▲ 0.01 (0.56%)
YOUW 4.30 Increased By ▲ 0.30 (7.5%)
BR100 12,044 Increased By 9.6 (0.08%)
BR30 36,911 Increased By 133.3 (0.36%)
KSE100 114,616 Increased By 120.2 (0.1%)
KSE30 35,985 Decreased By -18.2 (-0.05%)

Thousands of demonstrators protested in Portugal on Saturday against salary cuts and public sector reforms imposed by the government under the country''s international bailout deal. Crowds rallied in the old centre of the capital Lisbon and marched towards parliament, while rallies were also staged in the northern city of Porto and 12 other towns, in demos called by a citizens'' collective known as "Get lost, troika".
The word troika refers to the three international bodies that agreed Portugal''s 78 billion euro ($108 billion) rescue deal in 2011 - the European Union, European Central Bank and International Monetary Fund. In return for the bailout money to prevent the indebted country from financial collapse, the troika demanded economic reforms to get Portugal''s public deficit down to four percent of output by 2014.
Protestors in Lisbon on Saturday waved banners and signs calling for the government to resign and for a referendum on euro membership, plus messages such as "No to the troika, no to hunger." "The only aim of the austerity policies is to cut salaries and pensions, impoverish the population and dismantle the public services," the citizens'' collective that organised the demonstrations said in a statement.
The group had already mobilised massive street protests in September 2012 and in March this year, and called Saturday''s demos in protest at the budget announced by the government for 2014. The rally in Lisbon at the start appeared much smaller however than those previous two, which drew hundreds of thousands of people. Portugal''s conservative government this month said it would further cut public sector salaries and pensions as part of a budget that aims to save another 3.9 billion euros. Labour unions have called a strike by public sector workers for November 8, among various other demonstrations and stoppages. The government has shown no sign of changing course in its reforms despite the protests, hoping to complete the bailout programme by next June.

Copyright Agence France-Presse, 2013

Comments

Comments are closed.