Austerity and reforms doesn't mean huge tax increases

It means expenses cut and Public Administration reform. It means State intervention simplification. Laying off 50.000 public servants - and not delaying that, which is unavoidable. Exactly the opposite of what is happening.

http://economia.publico.pt/Noticia/merkel-defende-continuacao-da-austeridade-em-portugal-mesmo-com-recessao-1563406