The news that the Portuguese deficit was cut by 50% in 2011 is very good news! It really is! But when we look at the figures, we see that a large part of that cut comes from an one-off Pensions Fund transfer and not enough was cut on Public Spending. That needs to be corrected in 2012!
http://economia.publico.pt/Noticia/defice-do-estado-caiu-quase-50-no-ano-passado-1530033
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