Tuesday, November 27, 2012 11:29 am
News Summary: Portugal adopts stiff tax hikes
By The Associated Press
THE VOTE: The center-right coalition government used its parliamentary majority to pass its 2013 budget. All opposition parties voted against the deficit-reduction measures, which will cost most workers the equivalent of at least a month's income next year.
THE DISSENTERS: Trade unions and business leaders complain the spending plan doesn't do enough to revive an economy that's headed into a third straight year of recession. Hundreds protested against the budget outside the parliament building in Lisbon.