austerity measures in Portugal

Austerity measures in Portugal refer to policies implemented by the government to reduce public spending and manage national debt, particularly during the European debt crisis around 2010. These measures often included cuts to public services, reductions in salaries and pensions, and increases in taxes. The goal was to stabilize the economy and regain international financial credibility, but they also led to increased public discontent, unemployment, and social unrest, as many citizens felt the burden of these cuts. Over time, the economy gradually improved, allowing for a gradual easing of some austerity measures.