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Subject Portugal may need to make further cuts, warns EC

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Original Message Portugal may need to take additional steps to cut its budget deficit if economic conditions worsen, the European Commission was warned.

European Commissioner for Economic Policy Olli Rehn said Portugal's planned budget cuts were "ambitious", but may have to be extended this year.

Last month, Portugal passed an austerity budget including public sector wage freezes and pension cuts.

[link to news.bbc.co.uk]

it not looking too good

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