Business News
Portuguese general strike attracts wide following
Nov 24, 2011, 9:20 GMT
Lisbon - A general strike against the government's spending cuts on Thursday attracted a wide following in Portugal, media reports said.
Public transport suffered widespread interruptions, while garbage collecting and postal services came practically to a halt.
The strike was expected to have a strong impact on air traffic, with the Portuguese airline TAP cancelling 121 of its 140 flights scheduled for Thursday.
The 24-hour strike was called jointly by the country's two biggest trade union confederations.
It protested against the austerity policies of conservative Prime Minister Pedro Passos Coelho, who is trying to meet the conditions agreed with the European Union and the International Monetary Fund.
The two institutions have granted Portugal a bailout worth 78 billion euros (110 billion dollars).

COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
