Tuesday, 30 October: Main newspapers, including i, are reporting that Prime Minister Passos Coelho has formally invited the Socialist Party (PS) to discuss cuts to expenditure of €4b and rethink the functions of the welfare state to avoid a second bailout.
«Unemployment in construction goes up 40% and already affects 100,000 people», reveals Público, as the sector’s order book only guarantees work up to April 2013. The daily paper adds that unemployment in the construction sector is set to continue to grow in upcoming months.
Correio da Manhã
«Families return 16 houses a day to banks», reports Correio da Manhã, as an increasing number of households are unable to keep up their property loan payments. The daily reveals that 4,400 houses were returned to banks up to September.
Diário de Notícias
«Passos threatens: either refoundation or second bailout», writes Diário de Notícias, as the Portuguese prime minister announced he will invite the opposition Socialist Party to reassess the “functions of the state” to reduce expenditure by €4bn. Failure to do so could lead to a second bailout, the daily newspaper reports.
Jornal de Notícias
«Guimarães hospital treats injured from Libyan war», reports Jornal de Notícias, as nurses and auxiliaries receive training, including about menus and religion. The head of Unit says Libya pays more than the Portuguese government.
«Passos Coelho sends formal invite to PS to discuss cuts to avoid second bailout», writes i, as the prime minister intends to make cuts in expenditure of €4bn. The daily paper reports that Passos Coelho considers the Socialist Party’s support to be “important” and that without what he termed as a “refoundation” of the “functions of the state” the country could find itself asking for a second bailout.
«Tax authorities seize assets from over 2,800 taxpayers a day», reports financial daily Diário Económico, as the Tax Office issued more than 674,000 tax seizures until the end of August, which means a hike of almost 35% compared to 2011. The paper also adds that despite the increase, non-payment of taxes dropped to its lowest level in eight years.
Jornal de Negócios
«Portugal spends more on defence and education than eurozone», reveals financial newspaper Jornal de Negócios, with only Cyprus spending more money on defence and safety. According to the newspaper, despite the Portuguese paying little tax compared to their European counterparts, the country also receives less from the state in social and health benefits.
«SOS Vercauteren: Lion doesn’t even recover at home», writes A Bola, following Sporting’s draw with Académica in Alvalade. The sports daily refers to the game as the “worst start to the championship in history; 13th official game with merely two victories.”
«Enough bungling», reports Record, as Sporting fails to win and stands 10 points behind its rivals, following its goalless draw with Académica Monday.
«Enough to make you despair», writes O Jogo, referring to Sporting’s last game with temp coach Oceano, before the team start working with Franky Vercauteren. The Lisbon club was held to a goalless draw Monday by Académica.