World | Economy | Business

Portugal's Budget Austerity May Do More Harm Than Good

NPR | July 2, 2013 5:36 a.m. | Updated: July 2, 2013 7:01 a.m.

Contributed By:

Lauren Frayer

The architect of Portugal’s bailout has resigned. Finance Minister Vitor Gaspar quit Monday, citing falling public support for austerity. Gaspar has been praised in Brussels for slashing Portuguese spending, but he’s reviled at home for the very same reason.

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