Passos Coelho significant government plan for the public sector, whereby 30,000 jobs will be cut and the number of weekly working hours will be increased from 35 to 40 hours austerity measures are necessary if Portugal seeks to avoid another monetary bailout grant European Commission, European Central Bank and International Monetary Fund
Who was the Portugal Prime Minister in 2013? What did the Prime Minister announce during the first week of May in 2013? For what reason did Prime Minister Passos Coelho justify cutting 30000 jobs? From which entities did Portugal seek a monetary bailout from?
In the first week of May 2013, Prime Minister Passos Coelho announced a significant government plan for the public sector, whereby 30,000 jobs will be cut and the number of weekly working hours will be increased from 35 to 40 hours. Coelho reaffirmed the announcement by explaining that austerity measures are necessary if Portugal seeks to avoid another monetary bailout grant from the European Commission, European Central Bank and International Monetary Fund—the overall plan intends to enact further cuts of €4.8 billion over a three-year period.
question: Who was the Portugal Prime Minister in 2013?, answer: Passos Coelho | question: What did the Prime Minister announce during the first week of May in 2013?, answer: significant government plan for the public sector, whereby 30,000 jobs will be cut and the number of weekly working hours will be increased from 35 to 40 hours | question: For what reason did Prime Minister Passos Coelho justify cutting 30000 jobs?, answer: austerity measures are necessary if Portugal seeks to avoid another monetary bailout grant | question: From which entities did Portugal seek a monetary bailout from?, answer: European Commission, European Central Bank and International Monetary Fund