This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Thousands Of Portuguese Teachers Protest Big Cut

LISBON, Portugal (AP) ⿿ Thousands of teachers from around Portugal are marching in downtown Lisbon to protest proposed spending cuts they say will slash ⿬1 billion ($1.3 billion) from the education budget.

Unions say the government plans to privatize many public schools and cut around 50,000 sector jobs.

Union spokesman Mario Nogueira says the plans revealed in a recent document from the International Monetary Fund would "mean the end of a free and inclusive public school system."

Portugal, which is headed for a third straight year of recession, needed a ⿬78 billion lifeline in May 2011 to avert bankruptcy and has a jobless rate of 16.3 percent. Austerity measures have triggered many strikes and protests.

It was the third country that uses the euro to require an international bailout to deal with its debts.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs