Many people blame the government's spending cuts and tax hikes for a recession that is forecast to continue for a third straight year in 2013. Unemployment is at 17.5 percent, and the government predicts it will reach 18.5 percent next year.Passos Coelho appealed for understanding. "People of Portugal, I know you are asking whether all the sacrifices will be worthwhile. I can assure you, they are," he said.
Bailed-out Portugal Plans Another $6.3B In Cuts
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